Matchaah Holdings Inc. (MCHA)

[lmcat]

Remember that Dale is the failed CEO of a golf equipment company and this is a one man operation!
I doubt anyone knows the correct share structure but it's the TA's responsibility to know how many shares are available for trading.

Everyone is all excited about the WSRA shareholder letter which I have several problems with. The state:

Constructed and put into use our portable placer extraction plant.

Very strange that EVXA did not release a PR that their ore processing machine is IN USE! Where is it and what ore is it processing? EVXA was down 50% on Friday!

We continue to work with our close associates like Gold Coast

Continue to work with? They had a JV with GDSM to develop two mines but nothing was done and both those mines have been sold.

Gold River Exploration - WSRA has been trying to get something going with them since May of 2008. There is no information available on who Gold River is - it is not registered with the Arizona Corporate Commission.
http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/connect.p?app=names-report.p

we will concentrate on evaluating properties under the control or administration of Western such as Big Chief and Eagle.

Let's look at the Big Chief Mine.

The Big Chief Mine is located in Groom Creek. To reach the Big Chief Mine, you must use the Ponderosa Park exit on Highway 89S. The Mine has two vertical shafts and a collapsed horizontal shaft about 400 feet away. There are remains of an old building and dumpsite near by. Unfortunately this mine has collapsed at the bottom of the vertical shafts and is impossible to explore further. However, anyone interested in off-roading should locate the trails to this mine.


http://www.southwestmines.com/id9.html

The Eagle Mine was listed for sale for $60,000 on this site.
http://www.goldandsilvermines.com/azpjct.htm

The Eagle is predominantly a silver property, containing very significant recoverable values in gold It is located 2 miles east of the Big Chief Group previously discussed herein. The property is comprised of underground workings and surface cuts, exposing and defining an intersecting vein system of considerable extent. The two main veins range from from 4' to 10' in width, however, at the point of intersection a structural loci of approximately 150' by 75' by 60' has created a breccia pipe-like structure, containing considerable value in both silver and gold. The Eagle vein potential averages 0.3 opt Au, and 55 opt Ag, and the intersecting Buzzard vein averages .19 opt Au and 17 opt Ag. The breccia pipe "zone" averages .12 opt Au and 7.8 opt Ag. A combined total i reserve for all three potential zones is 67,665 tons @.162 Au, and 15.3 Ag or 10,999 oz Au, and 1,035,575 oz Ag. At 90% recovery the combined resource value is $5,934,790.

The site shows that the Eagle Mine has been SOLD!

The Silver Cord - in their newsletter they fail to reveal that the mine has 2 cave-ins and water seepage!

Western continues its active interest in the Gold Basin mine with Pine Creek Mining. No clue what happened to PCM but the Gold Basin Mine is FOR SALE and this.

File Number: F-1277370-6
Corp. Name: PINE CREEK MINING, INC.
2520 W SHADOW VALLEY RANCH RD
PRESCOTT, AZ 86305
This Corporation is NOT in Good Standing for the following reasons:
REVOKED - UNDELIVERABLE ADDRESS 03/04/2008
2007 ANNUAL REPORT WAS DUE ON 04/26/2007
2008 ANNUAL REPORT WAS DUE ON 04/26/2008
2009 ANNUAL REPORT WAS DUE ON 04/26/2009
2010 ANNUAL REPORT WAS DUE ON 04/26/2010
2011 ANNUAL REPORT WAS DUE ON 04/26/2011

Western has entered into a contract to generate a NI 43-101
report on the property. Work was nearing completion as of June 30, 2011. Should be done by now!
The “43-101” Report is an accepted Canadian Mining Reporting Standard now virtually exclusive to Canadian quoted Mining Company’s, it is not acceptable in the USA, Europe and in many other countries. The dissemination a “43-101” report in the USA will result in the immediate suspension of that security from trading by the SEC. (But then PCM is not a publicly traded company.)