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Re: Alamo_on_the_rise post# 39561

Thursday, 01/20/2011 2:55:58 PM

Thursday, January 20, 2011 2:55:58 PM

Post# of 55136
OWVI can make any claims they want about a mining company, but i know a little about mining companies and unless they have PROVABLE and PROBABLE RESERVES or are actually MINING GOLD, even if gold goes to $5000 per ounce it wont raise the value of OWVI any.

In ground value is good if the company makes between $75-$150 per ounce not processed, more only if they do it themselves. I didnt see anything related to a plant to handle all the details that pertain to mining and actually processing the product, making the gold valuable, and until then mining is very expensive to start up. Lots of drill holes, lots of trenching, surveys, takes years to get there. Better off sticking with the mobile weed plants, imo

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