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Re: The Rainmaker post# 53131

Tuesday, 01/10/2012 9:46:42 AM

Tuesday, January 10, 2012 9:46:42 AM

Post# of 101798
Not sure I am on board with this post.

The dredging might be the easy part. If not than why would there be just piles of concentrate months after extraction.

Next is the value of the gold. You are saying 4g per ton but based on PR's I think most feel its a larger amount. Lets say 8g per ton. To date we are only aware of 40t extraction and that's worth 15k in gold. Hardly a boat load of money.

Next we should not mix up sampling and licensing. They have nothing to do with each other. SNEY is currently licensed for exploration which if I remember correct allows a certain amount of material to be sold. After that they require a mining license. Under both licenses they will continue sampling.

The government of SL are selling to the Chinese for purpose of industrial use. The Chinese will not require large carats for industrial use and even small particles of diamond are good to have. The big difference is diamonds cannot be smelted to create one unit like gold can. This is why it is not wise for SNEY to sell it as concentrate.

Also AMI is in a whole different league based on the millions of tons of ore they are shipping. I would hardly call them bulk sampling.

Sorry to nit pick the post but felt it needed a response. I am going to look for dredges post with the different mining licenses.

We need some information of current events to find out if the concentrate pile has increased. What is the expected turn around time with regards to shipping it to Germany for processing. How badly will this cut into margins? I know many are happy right now but I feel the current PR's have a rather negative appearance based on operations. Of course they were so vague that its difficult to really know what is actually going on.

Hopefully the filings will come soon so we know what has SNEY been doing for so long and have they made any success yet with operations or are they still months away from producing any processed material to sell. I am like many excited to see the answers but I am very skeptical based on the known information released from the company.
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