Searchlight Minerals Corp. (SRCH)

[gitreal]

Cosmic - the gold ain't there. There is no geological/metallurgical explanation for there to be half an ounce/ton of gold in that slag. You can't get a slag that rich in gold from direct smelting of ores that never ran even a tenth of that for gold. It makes no sense - does it? If SRCH were to produce their consultants' reports for all to see, maybe I could be persuaded otherwise, but with no reports, there is zero credibility. I know I sound like a broken record on the lack of reports issue, but it is a huge red flag.

You do make a good point - if these guys had any real intention of producing gold, why then are they skimming a million bucks a year for director's salaries and "consulting" fees? I have been part of start-up companies before, and if your highest priorities are not research, development, and marketing, you are doomed (or you are a scam).

Another good point - the historic and on-going connections with very well documented scammers. What legit company would allow folks with those kinds of connections to be, in any way, associated with their operation? If it walks like a duck, quacks like a duck, well, you know the rest.

These guys are masterful scammers, probably the most successful mining-scam in Arizona over the last 7 years (and they have some stiff competition).