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Re: temeku999 post# 12769

Thursday, 12/02/2010 2:55:13 AM

Thursday, December 02, 2010 2:55:13 AM

Post# of 91121
Thanks for PM. Same thing happens to me.

RE some posts below: It is misdirection to keep bringing up past ventures many years ago when no relevant connection is shown between the two.
Somebody posted that a JV co Bob relied on in past did not have their claimed financing and so that deal fell through.
The financing for this venture is obvious in many current pictures of 17 plus pieces equipment and without loss of control(which often accompanies a JV).
It is also an old trick because honest people executing and posting dd are at a disadvantage re an operation which precedes us and CWRN.

Re: land ownership-this has been discussed before.

There are land surface rights and mineral rights.
Most non mining owners only own surface rights.
I would guess many if not most mining co's only own mineral rights.

Examples:Land surface owners discovered this in 1969 when coal co's executed a blitzkrieg buying mineral rights in the Dakotas and E. Montana etc.
Long Beach CA you see oil wells right in peoples tiny front residential yards-rundown homes because residential value is decreased by oil well in yard (and air so thick w oil you can hardly breath).

It is totally irrelevant whether a mining co owns surface rights. Ownership of mineral rights carries w it the necessary surface access to extract the minerals.