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Thursday, 12/09/2010 12:29:17 AM

Thursday, December 09, 2010 12:29:17 AM

Post# of 66758
Where do I get these people from???/Smashing my head against wall

I am totally baffled by some of the posts I have seen on here in the last few hours.
I can't help but tackle a few...
I almost feel as though I have access to some totally different version of the internet or maybe mine is in English or something. Are you sure you people have English as the default language?

This was just released the other day...

http://www.prnewswire.com/news-releases/supatcha-resources-signs-definitive-agreement-and-acquires-advanced-staged-balka-skyrokaya-gold-property-111433584.html

BALKA SKYROKAYA GOLD PROPERTY:
Property centrally located in Nikopol mining district with road access and electrical power close-by.
282 drill holes for 93 km of core with 11,764 assays of ore zones
Exploration shaft to a depth of 168.4
Gold zones are tabular near vertical veins hosted in altered mafic and felsic volcanics with interbedded iron formation
Drilling of mineralization today concentrated on 100m by 150m grid to a depth of 450m
Deepest intersection of zones at a depth of 700m
Average grade of mineralization: 5.71 g/T Au
P1 resource = 6.5 million tonnes with 1.3 million ounces
P1 + P2 resource = 10.1 million tonnes with 1.8 million ounces
P1+P2+P3 resource = 17.1 million tonnes with 3.1 million ounces

They have signed an agreement to own 90% of this mine. Notice they use the words "MINE". Why? Because this MINE was producing gold for YEARS in the 70's before the lower prices shut them down.

I read this news release above and then I read this as of a couple hours ago...

"I will be happy with 1M oz's, ecstatic with 3M oz's and delirious with 5M oz's. I only expect 1M to keep expectations low. 
i will also be happy with 1m oz."

You must be ecstatic then considering they just announced ALREADY they have 90% of a mine that has a...
"P1+P2+P3 resource = 17.1 million tonnes with 3.1 million ounces"

How do we know they have this? Try as hard as you can...
"282 drill holes for 93 km of core with 11,764 ASSAYS of ore zones"
Is the 11,000 assays of core zones good enough for you? LOL

LOL they even posted the grade...
"Average grade of mineralization: 5.71 g/T Au"

When gold wasn't even a $1000 an oz., 3 g/T was profitable enough to start production, gold is now $1400 and they have 5.71 g/T.

This isn't rocket science, its just some basic math.

Then this message appears...
“Ascendancy, I am just curious as to what information you've received that gives you the estimate of $300 Million in value. I appreciate all of your insight on this board.”

Well let's see, this is easy enough to google but who knows...
http://investletters.com/blog/how-to-value-a-mining-companies-gold/

Even at the lowest price per ounce you have $60M for JUST THIS MINE, excluding the properties they are reporting on tomorrow. Yet you would be foolish to use the lowest valuation because...
"282 drill holes for 93 km of core with 11,764 assays of ore zones"
Why do you think they call it "P1" "P2" and "P3" because its "I" for Inferred? LOL
Your really looking at $300M just for this mine alone and thats at a development stage valuation.

OK but what about this...
“If u want a good idea of valuation of gold resources - dgri has 7 mill oz in there ni report and look at there stock price.”

LOL. First of all DGRI DOES NOT HAVE 7M ounces, they have an NI43101 with 500,000 oz on one block and 250,000 on another. Secondly, it is at a WAY lower grade then SAEI, doesn't even come close something like .01 OPT and less, this is part of the the reason why no one has jumped on it to put up the money for development. Many of our drill holes show .75 to 1.0 OPT. Thirdly, MOST IMPORTANT, IT IS IN THE MIDDLE OF NOWHERE AND DOES NOT HAVE THIS...
"Property centrally located in Nikopol mining district with road access and electrical power close-by."
This is make or break, and we have it, we have INFRASTRUCTURE. They have CACTI and snakes. I am done comparing this...

On to next one...

“Won't be in dollars anytime soon, you need to be in production and revenue producing to be able to have that kind of market cap”

Wow. Lol. This person is either totally lieing or absolutely ignorant. Take just two of DOZENS of companies with no revenue that are currently developing, like we are, that have market caps in the HUNDREDS OF MILLIONS
http://finance.yahoo.com/q?s=ATC.V
http://finance.yahoo.com/q;_ylt=AuNFIg8WuFTNcKscLcaLuvDxVax_;_ylu=X3oDMTFiOXZnbDFxBHBvcwMxMwRzZWMDeWZpU3ltYm9sTG9va3VwUmVzdWx0cwRzbGsDbXN2dG8-?s=MSV.TO

“Yes but you have to figure the cost to get the gold out dont you?”

Hold on while I smash my face against the wall repeatedly, again.
All you have to do is spend 10 min. on various other companies sites and you will see costs as low as $10 a ton all the way to $150 or so. Even at the HIGHEST COST, ONLY INCLUDING THE GOLD, YOU ARE TRIPLING YOU MONEY WITH EVERY TON. You most likely will be making 5x to 8x with every ton, AT CURRENT GOLD PRICES! (sigh)

Finally, someone with a brain and a calculator shows up...
"5m projected in Barlevskoye (will be official 6 am tomorrow AM in 43-101) + 3.1m projected in Balka = 8.1m oz of gold x $1400 per oz = over $11.34 billion dollars”

You can select and choose any ONE of the THREE properties and at conservative valuation it gives you over a $1 per share, combine them all and you have multiple dollars per share price any way you cut it.


This is all at the current gold price!
Gold is either going up or down, it's no moving sideways for the next 5 years! Unless you can come up with better GOLD DD then the following, by all means please inform me of your knowledge on the subject, then I highly suggest you take this into consideration...

Well what do you know, fresh news out today while writing this post…on Bloomberg news….
http://www.bloomberg.com/news/2010-12-06/gold-may-advance-after-bernanke-says-fed-may-increase-treasury-purchases.html
Read on…
A quick crash course in reality for many of you…
http://www.cbn.com/cbnnews/finance/2010/June/US-Debt-Could-Reach-196-Trillion-by-2015/
Everytime they borrow more money, no matter who it’s from, they have to pay back the lender with interest. There are many different bills, bonds and notes, not to important, what is important is they all have different rates of interest attached to them.
The average being 3%.
Everytime one of those bills, bonds, or notes comes due, not only do they have to pay back the lender but they also have to roll over the debt as they still need to borrow the money. They cannot yet pay it back. So the sucker, same one or new, who is lending us money gets his choice of paper and we have to pay the interest again.
http://www.usdebtclock.org/
Our current debt is $13.6 Trillion. At an average interest rate 3%. This is an annual interest payment of $408 Billion. You can see using this very simple math I am very close to the actual number… http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
for 2010 it was $410 Billion.
So what happens when you get a debt of $20 Trillion. $600 Billion dollars of your tax money goes to just paying off the interest on the debt. They only collect $1.7 Trillion in taxes in the first place each year, they spend $4 Trillion, either borrowing or simply printing the difference, they call it “buying bonds.”
All this is at the current interest rates. You know what happened the last time there was a bull run on gold? So many people were slowly fleeing fiat currency and into hard assets because of all the money they were printing, that they had to raise the interest rates, in order to attract people back to the banking system.
It is a very simple equation- When you print enough money to cause the rate of inflation to be higher then the rate of interest the bank pays you, people exit the fait system into hard assets. The inflation and the fact people are going to them raise there value rapidly.
In the end, by 1980 when gold made it’s $7500 high, they had to raise the interest rate to an incredible 19%. So attractive, this rate, people couldn’t help but sell hard assets, like gold, and move back into the fiat monetary system with their wealth.
Now…The important part…
They obviously cannot raise interest rates at all when they have a $20 Trillion debt. An average interest rate of just half of what it was in 1980, 9.5%, would cause financial Armageddon for the government. All of the money you pay in taxes would go only to paying interest on debt. This is mind blowing.
So you see, the last thing they can have happen is for the interest rate to go up. It would be the end for them, so how do they keep it low. By issuing bonds quickly, cheaply, and easily, they keep the interest rate low, which really means… printing more money.
What I am telling you right now is that they are “STUCK” PRINTING MONEY. It is fairly easy to understand, I hope I could make it clear enough.
I hope you can see from this very simply math that you are also “stuck” in a permanent gold bull. The only way to end a gold bull run is to raise interest rates to get the money out of it and they no longer have that tool at their disposal because of the enormous debt.
In fact we are likely to see gold break above it’s old inflation adjusted high of $7500 and go much higher.
The question now is how much do you want to pay for your gold?
You can buy a 1 ounce gold coin right now for $1480 or you can have it at leverage through stock.
SAEI has 60M shares issued and conservatively we will say 6 million ounces of gold on their 3 properties, in reality it could be much more.
You are basically getting .10 oz of gold per share with SAEI.
$1400 x .10= $140 of gold per share.
$140 x .90(90% recovery rate)= $126 of gold per share- 40%(expenses and taxes)= $75.60

So what I am telling you is at $1400 gold, you could stand to make $75.60 for every .33 you spend tomorrow morning.
Plug in a conservative $5000 gold and you have the ability to make $269 for every .33 cents invested. $404 at $7500 gold. A simple investment of $5000 should make you a little over a million in as little as 6 years. IF YOU DON’T THINK THIS IS POSSIBLE THEN READ THE ARTICLE BELOW…
(This link below may be the most important thing you read in your life)
You should read this article and then decide what you want to do tomorrow morning….
http://www.gold-eagle.com/editorials_05/baltin021707.html

YOU CAN LEAD A HORSE TO WATER BUT YOU CANT MAKE HIM DRINK!
P.S.- Since I cannot be with you all tomorrow morning, nor do I care that much what happens as I already know what the deal is and I will be holding the vast majority of these shares for years to come, please feel free to reproduce this post for all to see tomorrow morning...
If you think tomorrow will be a big jump, just watch what will happen over the next two weeks!
LOL-had to edit this message after seeing this...
"I think it's very reasonable to assume 2M oz. for saei "
Wow. Clueless. HELLO MCFLY! THEY HAVE 3 MILLION OUNCES ON JUST ONE OF THEIR PROPERTIES ALONE> OMG