Solidus Communications Inc (SLDC)

[Plata]

Thanks Walker for the links and help.

I am well versed on the property as I have spent time on the ground and conducted a detailed analysis of all of the data generated by Newmont and BHP. I have worked on Carlin deposits and this is an example of those types of systems. There has been problems getting permits to open roads into the property from the BLM and that is why Timberline walked. Since then the talk of this area going back into wilderness designation has ended and the permits should be obtainable. I have met with the BLM and have copies of their Record of Decision approving the Plan of Operations. Enviros have attacked the decision and the BLM wants to update the approval to address the Enviros concerns. They feel that there is no reason that those approvals will not be given but this area has been targeted by several environmental groups so it will take some time and $$. The property does have the 'Potential" to contain several million ounces of gold but it is a long way to go to prove it and it will cost ~$10 million to get there if everything goes well. They will need a good group to move this forward and that will be important for SUGO. Once they finalize the agreement and get the permits for the roads and first drilling than they will be well on the way with lots of positive news to be had just following up the old drilling. I am very curious to see how it unfolds. SUGO is very difficult to get any real info on and that may just be because they are reforming and have not completed the re-tooling of the company. I am curious as to their finances. They need $200,000 to complete the deal plus an investment in the property of another $100,000 in the first year. They have to be raising $$ somewhere, but I see no announcements on that, so if they are closing this month it must be some private placement $$ which probably translates to shares and options/warrants to some big time investors. I would think there would be an announcement on the funds being raised prior to the closing of the deal, but I am not as well versed in the US stock regs as I am for the Canadian exchanges.


Here is some of the problems to overcome.

http://salsa.democracyinaction.org/o/676/campaign.jsp?campaign_KEY=25968&t=