InvestorsHub Logo
Followers 2
Posts 263
Boards Moderated 0
Alias Born 08/08/2011

Re: None

Tuesday, 08/14/2012 2:13:31 PM

Tuesday, August 14, 2012 2:13:31 PM

Post# of 162580
You would think that the company would at least change the wording when releasing BS reports of "production ready mines"

From their press release dated 7-30

This other property was of immediate interest due to its ability to be put into production within 90 days

http://ih.advfn.com/p.php?pid=nmona&article=53644588

From a very similar report issued by Western Sierra last February

The companies chose the Gold Basin Mine as their first joint-venture project due to the mine being ready for immediate gold production.

http://www.globenewswire.com/newsroom/news.html?d=213914

WSRA seems to be sitting on a glut of "production ready" mines. So how much revenue have they or their partners generated from Gold Basin Mine? Remember a year and a half ago this mine was "ready for immediate gold production"

If a mine that was ready for immediate production hasn't produced any revenues in a year and a half how long before a mine that won't be ready for 90 days take to generate revenue?

Would appear that Joint Ventures with WSRA have not been all that productive.