I was the mod on GUNP and set up the I-BOX. After doing more research I removed myself as mod as I saw nothing of value in this company.
They don't own anything except an option and the financial requirements to eventually secure that claim are huge and without any revenue they need to continue to borrow money. Do you know that only 10% of the junior explorers ever find enough provable ore to develop a profitable mining operation?
Quartzite is the nearest town and the RV world's largest campground. The annual Rock & Mineral Show brings in over 100,000 RVers from around the states. They camp all over the desert, known as boon docking. We have been there!
Many of these RVers belong to Prospector Clubs who used metal detectors to find gold out in the 'boondocks".
You know that American Bonanza Gold (a Canadian Company) is working the old Copperstone mine and finally shipped ore concentrate.
Drilling rig at Copperstone.
Deep drilling rig at Copperstone.
http://www.americanbonanza.com/s/NewsReleases.asp?ReportID=530962&_Type=News-Releases&_Title=American-Bonanza-Announces-Progress-at-Copperstone-Mine-and-Completion-of-a...
Gold Sales - preliminary gold sales in April of 1,186 ounces were achieved, representing 40% of Year 1 monthly design rates. The gravity concentrate is currently being sent to Metals Research in Idaho, and the flotation concentrate to Global Metal Technologies in Spokane.
http://www.americanbonanza.com/s/NewsReleases.asp?ReportID=530962&_Type=News-Releases&_Title=American-Bonanza-Announces-Progress-at-Copperstone-Mine-and-Completion-of-a...
Lots of very good info on Bonanza but very little is available on Gunpowder.
I don't see any "bounce" on GUNP until they have some positive news.
GUMP would have been a great short at $1! It was grossly over valued and still is since it has nothing but debt.
They don't own anything except an option and the financial requirements to eventually secure that claim are huge and without any revenue they need to continue to borrow money. Do you know that only 10% of the junior explorers ever find enough provable ore to develop a profitable mining operation?
Quartzite is the nearest town and the RV world's largest campground. The annual Rock & Mineral Show brings in over 100,000 RVers from around the states. They camp all over the desert, known as boon docking. We have been there!
Many of these RVers belong to Prospector Clubs who used metal detectors to find gold out in the 'boondocks".
You know that American Bonanza Gold (a Canadian Company) is working the old Copperstone mine and finally shipped ore concentrate.
Drilling rig at Copperstone.
Deep drilling rig at Copperstone.
http://www.americanbonanza.com/s/NewsReleases.asp?ReportID=530962&_Type=News-Releases&_Title=American-Bonanza-Announces-Progress-at-Copperstone-Mine-and-Completion-of-a...
Gold Sales - preliminary gold sales in April of 1,186 ounces were achieved, representing 40% of Year 1 monthly design rates. The gravity concentrate is currently being sent to Metals Research in Idaho, and the flotation concentrate to Global Metal Technologies in Spokane.
http://www.americanbonanza.com/s/NewsReleases.asp?ReportID=530962&_Type=News-Releases&_Title=American-Bonanza-Announces-Progress-at-Copperstone-Mine-and-Completion-of-a...
Lots of very good info on Bonanza but very little is available on Gunpowder.
I don't see any "bounce" on GUNP until they have some positive news.
GUMP would have been a great short at $1! It was grossly over valued and still is since it has nothing but debt.
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