InvestorsHub Logo
Followers 17
Posts 1847
Boards Moderated 0
Alias Born 09/02/2001

Re: None

Wednesday, 05/08/2013 10:53:02 PM

Wednesday, May 08, 2013 10:53:02 PM

Post# of 4941
From page F-20 of the latest filing:

"Approximately 6,000 tons of the Tailings material has been sent to the processing plant in Parral, Mexico. As of the date of this Quarterly Report, this shipment has not been fully processed and the Company has no revenues from Tailings project. In addition, the Parral processing plant has undergone a change of management and has indicated that it will not accept further material for processing. The Company has identified another processing plant in the area that it anticipates will process future shipments of Tailings material.

The Company is constructing a basic wash plant and jig circuit on the property on which the Tailings are located. The cost of the wash plant and jig circuit, if completed, is expected to be approximately $80,000."

Stating that the 6000 tons has not been fully processed seems to indicate that processing is underway.