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Re: bikeguy post# 11714

Friday, 05/01/2009 7:58:07 PM

Friday, May 01, 2009 7:58:07 PM

Post# of 83181
BG

Thank you for the explanation. I am a little curios why you are spread out so much before you have even gotten one project successfully up and running and into production? From the looks of things you have spent approx. $150k on equipment and the balance on who knows what? I don't know exactly how everything is now done in Sierra Leone regarding mining....I ran a timber/sawmill there for awhile and it seemed straight forward.....pay your fees, pay your local tax (paramount chief) pay some more at the port, have a good lawyer and everything runs fine. Regarding minerals here in Liberia we work directly with the Ministry of Mines. We do employ locals but would NEVER be partners with any.... its a recipe for disaster. If Liberians want to use their own money to open a mining company all the best, but don't expect to use mine money and you put nothing in....

Regarding the farming....what a distraction! Are you a mining company or a Agricultural company?

If you were taking down 150,000 hectare for bio fuels or palm oil or some other big cash crop then I would say YEAH! spin it off into a separate public shell, but to be doing diamonds in one area of the country and then gold in another and farming rice yet in another....OMG You are confusing us.

And who in the *blank* would allow some local woman to control your gold sales....have you guys lost your minds. There is NEVER a shortage of gold buyers in West Africa. I can get spot minus 4% any day of the week and up to any amount of money...$100,000 to $10 million. Get focused...start with one project, do more exploration, do a feasibility study, find out if it will work.

Control your production...from the river to the bank. Make sure your sluice boxes and jigs are locked and only opened by you. Good Luck!