Asia Broadband Inc (AABB)

[Ailan]

Scam is unprovable for now....they sold their mine for 82 million...30 million was in gold bullion...52 million cash...the 30 million gold bullion is being used for the Gold Backed Crypto I'm sure...money maker for them...they are using 30 million of the 52 million cash to buy a mine located near Navidad, Mexico near Mascota, Mexico in Jalisco State...as far as them commenting on the exact location and owner, I am sure they are keeping it under wraps now as they don't want to get into a buying war with some other miner...they have only signed and LOI on the purchase...with 22 million and equipment on site, they can start mining with some capital to work with...the equipment on site can only handle 50 tons of ore per day, not even close to what they need to actually make money off the two mines, they need 500 tons minimally per day if the gold ore yields 2 grams per ton...the second thing I can see that will be a challenge for them is infrastructure, the mines are 3 km from Navidad, Mexico not Barra de Navidad, the Community of Navidad up in the mountains east of Mascota...they are presently performing DD on the mining sites, they will then know how much gold it yields per ton, if it yields 3 grams or above they will be mining it for sure...if 2 grams or lower, they may back out of the deal depending on availability of equipment to mine the huge amounts of ore to be profitable...