InvestorsHub Logo
Followers 2
Posts 457
Boards Moderated 0
Alias Born 06/08/2010

Re: POSITIVE THOUGHTS post# 59306

Wednesday, 01/29/2014 2:23:32 PM

Wednesday, January 29, 2014 2:23:32 PM

Post# of 65657
Nuggets in Sinker Tunnel; Positive thoughts, I was pointing out that most geologists or experienced miners would NOT use the term nugget in a hard rock mine. Most of the gold in War Eagle mountain is in quartz veins and is tied up in complex minerals along with the silver. If the gold was in the nugget form, then the crushing, and floatation system at the mill would work. That is the reason that they are not getting good recovery and need a cyanide leach system. Can you find a nugget in hard rock?, yes, but not often. You need to really look at other gold mines and see how they operate, or even read the history and old geologic reports of this mining district.

People are really expecting too much too fast with not enough capital. I really don't care what the New Geologist says, I would agree with him that there is gold and silver left in the mountain. I really don't think there is any doubt of that. The problem is, how much is there and what will it cost to extract it. It will take a drilling program to determine how much is there and if they file a 43-101 before they drill it will be worthless because they cannot estimate the amount of gold without drilling. They need tens of millions of dollars to drill and then equip the mine and the mill, will need more permits, more infrastructure, etc. Lets face it, with the current management that is not going to happen. You can buy this stock and pump and dump it, but if you are not a day trader, most of us, we will never see a return on our investment. Many of us invested based on what we knew about the potential of the mountain and did not do sufficient research on management. Geomine
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.