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Re: ChuckD-MSB post# 69586

Friday, 12/17/2010 11:48:46 PM

Friday, December 17, 2010 11:48:46 PM

Post# of 83059

The ESHC is involved on a near constant basis in negotiations with parties in interest in this bankruptcy to attempt to further our goals.




As stated in a previous update, as a result of its execution of a non-disclosure agreement with the debtors, the ESHC has accumulated significant, and very sensitive, data related to, among other things, the debtors' geology, mineralogy, mining, milling, marketing and financial operations. Experts have been employed in each of these areas, and the experts are researching the data. Furthermore, these experts are conducting their own independent testing and research. This process has been, and continues to be, very involved and very time consuming. The objective of this process--all this data collecting and research--is to produce a preliminary feasibility study, and ultimately, a definitive feasibility study that will aid the ESHC in obtaining funding commitments.




I hope people understand just how significant the red sections are...it displays that the EC is not just an entity but one that is working WITH the debtor on a daily basis to maximize the value of the estate. Alot of equity committees are viewed as a hindrance to the debtor, but it looks like this EC is really doing its part to help move the situation along.

Good update Chuck, keep up the good work..cant wait to hear more from you guys in the future.

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