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Re: diamondstrike post# 52436

Tuesday, 01/03/2012 8:16:45 AM

Tuesday, January 03, 2012 8:16:45 AM

Post# of 101798

We are deep into the second month of dredging operations on our Pampana River Project in Sierra Leone. Production has increased daily for the past 3 weeks. Visible gold production is up, from 1.5 grams to 3 grams per ton of feed gravel. We are now recovering more than the estimated 100 lbs./ton of rare earth black sands concentrate from each ton of feed. Management believes that over 80% of the free gold remains in the black sands concentrate. We clean the sluice out at the end of each 10 hour shift. By the end of this week, we will have 40 tons of rare earth black sands concentrate stockpiled. 40 tons is the maximum allowed to fit in the 40 foot shipping container that we own in Freetown. Management projects that an additional 40 tons of Rare Earth black sand concentrates can be produced by the end of June.



This quote above is exactly why I believe the PR that came with the 10K (below) was written from the viewpoint of 12/31/2010 and not with "two days remaining in 2011". Time will tell, but as far as I am concerned there is no other way to interpret SNEY's statement from the pr on 12/29/2011.

Mark Shelley, the Company's CFO, views the financials for 2010 in a very positive light. He says: "The Company's financial position at the end of 2010 shows a marked improvement over 2009. As mentioned above, shareholder equity increased by over $1,400,000. We completed acquisitions and readied for operations which put us in a strong position going forward. After our exploration phase is completed for each of our concessions, we will begin the production phases, which will generate revenues. We plan to complete the exploration phase by 2011 and begin production activites in 2012."



"Dude, you have no idea what is coming!"

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