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Tuesday, January 03, 2012 12:14:01 PM
No they don't. They have one assay. They need to do a bunch of augur drilling, then testing, to determine where to dig.
Known Variables for Deriving a Valuation Range
** WOW claims consist of 120 acres.
** No more than 5 acres per bond per Small Scale Mining Operation.
** Up to 120 ÷ 5 = 24 Small Scale Mining Operations can be done on the WOW claims during one time.
Read again...only five acres per year. And no mechanized equipment means this can only be a mom and pop size operation.
So, all your nicely detailed work about potential valuations are just words on paper.
Given what it known about this podunk start-up wannabe operation, it has little chance of ever achieving a valuation of even a penny or three.
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