My conversation with John:
I’m not going to tell you all the details. People need to grab a phone and ask once in a while. I’ll tell you some general things, but please, call him. It’s easy.
Fuel is still a problem. We can’t run 100% of the time that we want to if there isn’t enough fuel. We're running, just not 100%. That’s NOT John’s fault, or Doug’s. We still have crews to pay and rents and licenses and I know he is doing all he can. No guessing about how much gold we’ve recovered, but I’m not looking for a large number.
Lots of talk about the JV and the bad, nasty, poison circulating in response to it. This deal doesn’t cost SGCP a dime and we stand to gain half a million dollars from it. So bashers, give it a rest.
We are still stockpiling black sands. He didn’t want to guess how much, and I don’t blame him. I feel there is a lot more going on with the sands, and I’m looking forward to the day when he can share more info about it.
I asked him if he’d post the assay reports on the website, but he didn’t have much interest in posting it. It sounded extremely technical, so I don’t think it’s going to happen. Again, I don’t blame him. The gold in the assay reports is total gold in the sample, and not all of that is gold that can be obtained through mining operations – so it’s misleading and establishes wrong expectations to publish xx amount per ton and then not be able to get the gold.
The $17,000 in crops that was reported in the annual report was just the start of the harvest. He hasn’t received numbers yet from Doug to tell us about, but it sounded like that information is coming soon. This (farming) would really take off if we had more equipment. We’re doing great with what we currently have to work with.
I tried to get him to talk more about the Carbon Credit projects. Yes, the market is soft so we’re not going to be forward-selling the credits anytime soon. But still, I told him I’m a long term investor with part of my stock in a ROTH so I tried to focus on the value of the lumber in 5 years. That could be HUGE and worth BIG $$$, but still, it’s at least 5 more years before the first trees will be ready for harvesting. I don’t care if it is 5 years out. As a long term investor I’m happy with a huge return in 5 years.
TOSCA, I asked for you. SL2 isn’t even on the radar because of the soft market. The land owners aren’t worried because they still get paid their rents, if we use the land or not.
So that’s it from me. I hope some of you give him a call.
Charlie
