Now who in there right mind is going to buy forward gold contracts from a man with multiple securities violations going back many years and who has no proven technology (no patents even) to do the mining.
Nor any decent claims to anything! Leases in default and no permits from the DNR. The only place they could do anything is Bear creek and that one near expiry, as well as it appears to have been worked to death.
If these guys actually do have any want of doing what they say it will be a mom and pop operation in 2010 at the soonest, not some super operation they have touted.
They touted using suction cutter dredges in a PR, yet that has been tried and failed as the cutter head gets destroyed, bucket dredges don't hold up to the ocean swells causing stress and a plain suction dredge will get blocked up all the time(making it quite inefficient and costly to run). There is good reason why this has not been jumped on in this way before.
Don't you all think that if they could raise 250million in forward gold sales they have no use for pinky shell? in fact the pinkie shell is a liability in finding buyers.
I guess they just want to give away a huge amount of their company for next to nothing out of the goodness of their hearts? Think about it!
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