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Re: Iceman2004 post# 52619

Wednesday, 01/04/2012 11:01:39 AM

Wednesday, January 04, 2012 11:01:39 AM

Post# of 101798
I do understand your point but the PR never gave an indication that they have processed anything yet but rather pointed out that they are now considering a change before they even begin.

"This discovery warrants a more sophisticated initial process/separation treatment in what was previously thought to be an initial solution targeted at free gold. In addition to the free gold, there is substantial contained gold in the sands that require more advanced separation techniques than those proposed in our June 2, 2011 Press Release"

So as to your analagy it would be better as:

Like saying you planted corn but then 6 months later say you decided against it and are now considering the idea of planting soybean since its worth more.

No that is not positive. What happened over the last 6 months since announcing the processing equipment.

Also
Beckmann remarks, "Because we have access to excellent analytical methods and existing processing equipment, I recommend that we conduct this process initially where we have adequate existing facilities. Once we have determined the highest and best methods for recovery and separation we will evaluate the feasibility of setting up a process facility near our Pampana operation." "

Were is that equipment? Are they planning on shipping the 40 ton containers to Germany?

For me its a negative to see consistent changes in the business while still generating no revenue or profit.

You are right that its is my short term plan that makes this a negative. Long term it could be good but that all comes down to funding. Profit margins will be impacted by having a third party do the processing and on top of that were is the initial processing equipment. What have they done since June? The PR leaves more questions than it gives updates.
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