Wits Basin Precious Minerals (fka WITM)

[YankeeAce]

Sorry I have been busy lately. Mottley brings a great deal of experience to the company. Just three months ago his company, El Capitan Precious Metals, Inc, was trading at the same level as Wits Basin with about the same share structure. Today the stock is trading well over $2 a share. That is the same potential that Wits Basin holds right now. The Bates-Hunter Mine property contains two mines that have access to two different veins. Only the first one is under development at this time. As soon as the dewatering process completes further studies will most likely show higher grades of ore around the 630 foot depth. The dewatering process should speed up from the 150 to 300 foot level as there does not appear to be a great deal of chutes or stopes in that region. The shaft begins to enter the main vein around the 450 foot level. At the 361 foot level there is a pump station, but I'm not sure to what extent that will speed up the process even if the station can be put into operation.