The PR headline made it sound like they are processing which most people would associate with producing saleable gold (revenue). Shipping a ton of rock to a "processor" in Arizona is meaningless when they have yet to begin the permitting process which could take years. Or provide credible evidence there is sufficient gold/silver in the stockpile to allow processing at a profit. Erickson, the provider of these mining claims, made the same types of statements about gold and silver in similar stockpiles. Got him in trouble too....
The $12.5 million is bogus. You'll see....
The buyer for the gold? Penny stock CEO's love to tout they have a buyer lined up for gold they have yet to prove they have. Besides, gold is not particularly hard to sell, is it?
Why spend money and effort to line up yet more exploration targets, when their meager resources should focus on the few they have? Having a bunch of claims in several states sounds impressive but this company can't even afford to pay the bond for their BLM permits.
Platinum - the sure sign of a scam. Nuf said.
Half kidding about mmj and oil wells, but it has worked well for numerous so-called mining stocks (GDSM, BAYP, DGRI, etc.) Billions of shares dumped. Maybe Fred should try it.
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