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Re: Montanore post# 12385

Friday, 09/28/2012 2:02:25 PM

Friday, September 28, 2012 2:02:25 PM

Post# of 30708
I know that BONZ is not a pink - just looked at the 10K which came out today, and was impressed by the actions of former CEOs. One apparently sent a big chunk of company funds to the Dominican Republic. Another one had some funny business going on with stock options. There are a number of contracts that were either forged or never signed over. They probably wish they were a pink, so that they wouldn't have to disclose all this dirty laundry.

As for placer gold in Deadwood, I know that many, if not most major gold discoveries started as placers. Look at the California gold rush, etc. Same in Arizona - many of the larger gold deposits were found by tracing placer to its source. My point is that the easy-to-get, higher grade placers are pretty much gone in Arizona. Anything left today is either low grade, or low volume. And as I said, evaluating a placer is very tricky - they tend to be sporadic, concentrated on bedrock, within old stream channels, etc. You need to sample the crap out of them, and use the right methods. I don't see that BONZ is anywhere close to having a viable placer mine ready to go.