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Re: richard the Realtor post# 62626

Wednesday, 04/14/2010 4:13:51 PM

Wednesday, April 14, 2010 4:13:51 PM

Post# of 83059

Np Richard, Here's where I see it.

They have spent years getting this done and to the point where their at. There are what? 1,000's of companies that are nothing but 'Literally' a pile of dirt in the ground and some test samples.

We have a mill up, is it turned off at the moment? Yes, yes it is. However think of it if it was you, if it came down to going under OR turning the thing on with crappy ratio of recovery until you could limp along a bit wouldn't you turn it back on?

Now lets say that's not in the cards, lets say that with 'iffy' recovery it's not going to sustain the burn. Fine. Dotson is out, so the option to maybe get a 'big brother' is on the table. Some other Mining outfit could get the plant up and running pretty easily, dump some cash into it AND take say 3times to 10x the money they put into it as payment out of it. Or some other deal that would be beneficial to both sides.

Now that's assuming things are that bad, I don't believe they are but then again that's me. That report looks like it's just a very detailed way of saying "we need a few weeks to tie up loose ends" I won't comment further then that since others here have discussed it already with a more critical eye then I can. But when you come to mining you HAVE to get detailed, and cover all your bases. The EPA, every green nut and bored house wife 'with a cause' will come breathing down your neck if you don't document it so tons of people can access it (like Lucky did to bring it to us) and say "hey, we're watching you!"

I'm not saying we're out of the woods yet, but we're also not so deep in the forest that we can't see the path in our peripheral vision. Our new leadership has connections AND they own stock here. If you think they'll let it all go down and lose tons of personal cash I would wager on them being greedy enough to pull off something.

You also say "who would fiance this in this condition?" I think many would, you just have to find the right people. And if it came down to it, someone could go to a china contact and say "make the Mill work perfectly for 100% of output on right of FIRST refusal and I'll bet you'd see someone here quite shortly to get things in order.

Add to that minerals are going up, and up, and up, and up some more. Invest in another patch of dirt or invest in this patch of dirt that's 4 feet from the finish line. I know where I would (and am) putting my money in that race.

It's not perfect, it's not pretty, but I believe it's why we're still at 0.0030 despite all this 'downtime'.

Respectfully

-Ban the practical

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