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12yearplan

08/25/16 12:25 PM

#3668 RE: gitreal #3667

Agree, when subjects get muddy or look air tight it is very reasonable to conclude it’s a share selling scheme more than a business. Just thought with a very accessible CEO that some/any issue could be fleshed out satisfactorily. Your eye for a con besides, I don’t think we are there yet. Clearly, in KJ’s latest note on the subject they have not begun anything. Or, the gun can’t smoke if it’s still in it’s case at home.
https://pbs.twimg.com/media/CqpvXgrWEAAJpZO.jpg:large
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12yearplan

08/25/16 9:59 PM

#3671 RE: gitreal #3667

I think this is the direct connection to Cardinal to which you refer..

The only reason that Owens would pay anybody (a consultant, a water treatment company) to do anything with his worthless tailings piles is to lay the groundwork for a "story".



It is important to note
that in the historic tail
-
ings there are the roasted
tailings which are the
tailings that were sam
-
pled by Cardinal and
un-roasted or white tailings. The roasted tailings are lower grade due to the
improved mill recovery. In addition to the roasted tailings, there are an es
-
timated 300,000 tons of higher grade (0.062 oz./ton) tailings that are from
the oldest milling operation. These higher grade tailings, which are found on
the surface and underlying the current inactive tailings pond have an approxi
-
mate contained value of $11,680,800 in gold. Assuming that the ore gold to
silver ratio is carried over to the tailings the contained value of the silver is
$268,017.
The combined contained precious metal value of the roasted and un-roasted
tailings is $38,307,063. This does not include the value of the silica that may
be realized by use as smelter flux
http://usarmininggoldscam.com/VastMountainDevIncProspectusCongressMineTails2011.pdf