InvestorsHub Logo
Followers 189
Posts 42550
Boards Moderated 8
Alias Born 03/21/2012

Re: numbnots post# 68035

Friday, 05/18/2012 2:53:10 PM

Friday, May 18, 2012 2:53:10 PM

Post# of 163066
When the geologist is the guy selling/promoting the claims, yes. When the guy selling/promoting the claims has his CPG revoked, yes.

What do you think - would you invest in a gold mine and rely on a report written by the guy selling you the claims? Or would you do your own due diligence?

There is a pattern of these "fabulously rich" placer mines in the Skull Valley/Wilhoit area being promoted by the same few people, with none in production, and no real hope of ever producing more than a few ounces. To claim that alluvial fan material and "high-bank" deposits have anywhere close to the gold grades that are needed for profitable mining is ridiculous. You might make more money with a shovel, five gallon buckets and a sluice box on a weekend than you would ever make trying to develop one of these piles of gravel!