InvestorsHub Logo
Followers 6
Posts 321
Boards Moderated 0
Alias Born 03/05/2010

Re: gitreal post# 654

Tuesday, 03/26/2013 2:13:55 PM

Tuesday, March 26, 2013 2:13:55 PM

Post# of 783
Well Gitreal, you do have a point.

But how do you answer that burning question, I've asked before?

What is in it for Luxor? They apparently have forked out a few million a number of times. How does that part of it work? How do they get off the hook?? Scams have winners and losers. How are they a winner???

The thing about the samples could be they claimed to drill so many test holes way back when. Each hole yielded something in the 60-70 pounds of materials and yes, you could claim that would be very representative of what is in the pile overall as a total.

So they might have had a ton or two of suitable test material. Not much of a "Test Program". (Chuckle)

A scam is potentially one possible explanation. But just using a phone and calling saying you have won the lottery might work better.

I sort of always have come down on the side of the question, I think there is some gold in the slag. Just the nature of the business, the old timers never got all the minerals out of it. They were not that good, the ore was too rich, they were making their money, who cares if a lil of this or that slips by. It would be more surprising to me if they did manage to get every drop of gold, just not how it worked in them dazes.

If there ain't no gold, what would you speculate is the make up of the slag??? Remember they did also give a list of minerals in addition to gold. Is that part of it also wrong??? It was a smelter and not the most World beating technology by today's standards. For a lot of its history it probably took the ore directly, volume was king.