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Rocky05

09/14/09 3:00 PM

#17096 RE: tradeitnow #17095

Actually for a placer operation it
takes very little to start up and
then production will take care of the costs
but I believe this was all discussed here
some time ago.

The company already has it planned.
Don't see any problems with start up cash.

bikeguy

09/14/09 3:30 PM

#17097 RE: tradeitnow #17095

I disagree with you. They have laid out their objectives and timelines down the road to profitability. Thus far they are 100% spot on following through with their word.

You can obtain hard rock processing capability for under $200k, which they have acquired $200k in financing from some of their investors (and to my understanding not through shares)

They mentioned in the plan that they were peicing together a mobil trailer processor.

The permits required are re-issues since the mines were already permited in recent past. Some other posters on the board knows these details better than I.

I wouldn't sell right now, they have not given us a reason not to believe they would follow through with their word.

Now with the upgrading on the pink sheets, it would be foolish not to hold this while it goes into porduction.

IMHO good luck. Hold this one LONG!!

Thinman13

09/14/09 5:31 PM

#17109 RE: tradeitnow #17095

Getting gold out of the ground does NOT take millions of dollars. Especially if it is a placer operation. In fact if you pick up a copy of the ICMJ Mining Journal you'll find plenty of used equipment for sale at pennies on the dollar. Just gotta know what you need for the type of ore you have.