Everyone is waiting for 'production', right?? Yeah, for the last 12+ years and $36 mil invested.
Let's try to put some of this into perspective:
1) Unico is screening and sorting their 180,000 ton stockpile of something. Sorting - What percentage is waste rock?? What is the grade?? Unico has NOT provided this basic information. WHY?????
2) Unico will mill the residual after screening and sorting and then generate 'concentrates.' What is the expected grade of the concentrates? What is the expected production rate of 'concentrates.' Unico has NOT provided this basic information. WHY?????
3) Unico has a contract to sell 'concentrates' to PGM, LLC., a subsidiary of Polymet Company, LLC. PGM, LLC is actually Processing Group Managers, LLC., a Nevada LLC corporation -
Please note that the principals of both LLC corporations are the same and both have the same address.
Further, Polymet Company, LLC is a subsidiary of Hydro Enterprises, Inc., also a Nevada corporation. Again, same principals. Hydro Enterprises, Inc., (http://www.hydroent.com/) is one of those so-called "miracle water" outfits. None of these entities have any mining or smelting experience.
4) Unico used to have contracts with real smelters (Asarco and Penoles) in the past. Why now do they contract with a shell company, located in Los Angeles, that is a subsidiary of a shell company that is a subsidiary of a highly questionable "miracle water" company?????
5) Why is it that NONE of the previous wild claims of enormous 'ore' grades have been proven out by any assay results????? What is Unico really hiding?????
6) If the 'ore' grades at the Bromide are so fabulous (7 oz/ton), why in the world is Unico messing with the Deer Trail????? What is Unico hiding??????
7) Why does Unico constantly try to HIDE pertinent information until forced to disclose when required by SEC rules in their quarterly or yearly filings????? Instead they continue to issue PR's that are basically fluff. Notice that ALL of their SEC filings state "There are no known, proven or probable reserves on (any of) the property(s)."
8) The bottom line - basically we have a mill that is going to mill some tailings (think what the old miners threw away) of unknown grade to produce 'concentrates' of unknown grade and quantity to sell to a company with no smelter. Boy, this really makes sense!!!!!!!! What is Unico hiding??????
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