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Re: Sylvrewynde post# 21338

Friday, 01/21/2011 10:12:13 AM

Friday, January 21, 2011 10:12:13 AM

Post# of 91121
We've been over that . The debenture issue was an attempt in Feb 2010 to raise money before the current financing was obtained.
Only $50k of the $500k debentures were sold and it is obvious to me that no more will be-that it is a moot issue.
Why turn a molehill- 50k debt into a mountain when there is a real mountain of stockpiled iron of 165000 tons times ca 184/ton equals over 30 million dollars in ore already stockpiled.

Which is greater-50k debt you are talking about or 30 million?

You've always made it clear you don't believe in Bob but do u think his investors are crazy also? They aren't lending millions for equipment without solid dd.