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Re: BlindSquirrelFindsNuts post# 886

Wednesday, 01/18/2012 3:56:57 PM

Wednesday, January 18, 2012 3:56:57 PM

Post# of 3562
There's gold all over. Two of my uncles used to run a dredge and sluice operation up in Oregon. On a really good day they made as much as $500 each. Many days they made little or nothing.

Some people think that all you have to do is dip a dishpan into the gravel, swish it a few times and you've got thousands of dollars in gold. It just ain't that simple.

In order to support 400,000,000 shares of LLSR and probably another 200,000,000 or more shares of whatever RPTN is to be, you've got to have miners, lots of miners and equipment, lots of equipment. Then you need around the clock security to watch the miners so they don't steal too much and more security to keep the claim jumpers and other bad guys out and prevent the equipment from disappearing. Then there's the payoffs.

That's assuming a ligitimate operation. I'm not sure this qualifies. I think the real gold mine is private placements and other stock sales.

No one as seen any assay-ton report or even an estimate, so who knows how many tons of material have to be processed to get an ounce of gold?

I'm not trying to talk you or anyone else out of investing. It's your money. I'm just telling the other side of the story.

Oh! And don't forget, 51% has to go to the "indigenous" owners.
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