Searchlight Minerals Corp. (SRCH)

[gitreal]

For seven years, the runaround! Endless testing with a multitude of metallurgical labs. One was so secret, they could only refer to them as the Unnamed Australian Testing Lab. And all overseen by Arrakis, the common link.

I read through the latest testing results in the 10-Q, with dozens of carbon and resin recovery systems being tested. I do believe part of my brain died reading this crap. Gold in solution should be easily recovered, the technology exists! What's wrong with this picture?

They think 45 percent recovery is not good enough and shooting for 85%? If there is really half an ounce of gold per ton in the slag, go with 45% and start production already! 45% percent is not bad, go for it, and keep testing to get to 85%. At least some gold will be produced, right?

Wrong, the gold is not there, this is a scam!

Bankable feasibility study? No bank, or halfway intelligent private funder would accept any feasibility study without actual consultant reports and assays and they do not appear to exist. Has anyone ever seen an actual report?