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Re: BlackRoc post# 41542

Sunday, 06/05/2011 7:24:22 AM

Sunday, June 05, 2011 7:24:22 AM

Post# of 102667
Sorry for the delay.....If they continue to dilute to finance operations it will be another 5 years before they begin actually mining and by that time everyones investment including my own will be worthless and I'm sure during that time period several reverse splits will have occoured.

Now even with a small miners permiit their allowed to mine on 10 to 20 thousand ounces of gold per year. So lets say they pull 15,000 ounces out at 1500.00 per ounce well thats 300 million dollars worth of gold. If I ran the company I would be more then happy to pay 20 to even 30 percent interest rate on inital financing to get the mines into production knowing there will be billions of dollars worth of gold comming out of the mine in the years to come.

How would this affect things one would ask.......Well if this were done I'm sure the PPS would be 30 times higher and if the company did needed to raise more funds I would have no issue with them selling shares to raise additional capital at that point.

It would be a win win for the company and investors!!
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