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Friday, September 28, 2012 2:50:27 PM
But, I have to say there are even lower rungs on the mine scam ladder. There is an OTC company in Arizona claiming to be able to extract gold from fly ash (what is left after you burn coal). There is another OTC company that claims to have 10 million ounces of gold in the huge slag pile at Clarkdale (Phelps Dodge's copper smelter for the Jerome copper ores). They have spent 7 years trying to figure out how to remove the gold - no success yet (gee, wonder why?!). Paying their BOD over a million bucks a year in the meantime. And, several companies are claiming huge amounts of gold in old mine tailings with no assay data to back up their claims. Investors buy in anyway.
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