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waspwf123

10/10/09 12:55 PM

#37533 RE: billyboy11 #37532

the end justifies the means...In the end, we will all get PAID....GOOOOOOOO CPRK!!!
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eyeamgame

10/10/09 2:07 PM

#37542 RE: billyboy11 #37532

Thx for clarifying somewhat.

The thing is if we are able to survive and prosper which becomes a little more realistic with each shipment out of the mill the better it will work for everyone.

It means investors will get a return on their investment.

It also means contractors will get paid for work they have done.

One also has to remember that those same contractors could well been out of work in the global recession if it were not for the work Mark created for them.

It sounds like they expect to get paid but realize themselves where they fit on the food chain.

Contractor fees due now may also pale in comparison to future work they may get from mark if they are patient and hang in there.

Contractors are feeling the pinch the same way Mark and the rest of us are but there is no doubt IMHO they have a far larger stake in the company's success regarding wages than the rest of us.

We will be buiding the SXEW Leaching Plant and possibly even a smelter eventually.

The wages for contractors for each development will be massive.

Now Revenues are Recurring regularly and the price of gold is rising I expect everyone will get paid eventually and we may finally see an end to dilution and efforts to increase shareholder value.

I am not comfortable with my investment personally.

I want about ten times more stock than I own, just can't do it.

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Fairways18

10/10/09 9:43 PM

#37586 RE: billyboy11 #37532

Billy,

The points you raise seem reasonable to me and are things that constantly bounce around in my melon. However, allow me to raise a point that you fail to mention. You make it sound like the poor fools that loaned all that money were duped by MD. The reality is that they are going to receive loan shark type returns for their investment. As I understand it, they loaned about $20 million and that their loans are now worth about $55 million and with who knows how many million shares. Seems to me MD is the one who was duped to give up so much.

As I hash through the past 12 months, it seems to me that MD was blinded by his own optimism and ambition. He would not have signed up for the loans with the people you mentioned if he thought for one second that they would not be operational until now. Those loans have proven to be very very very expensive.

I believe about a year ago he had other deals on the table that would have paid off the bridge loan people but he didn't pull the trigger because in his mind, the terms were not in the best interests of shareholders. I'll bet you he now wishes he could go back and take one of those deals.

I've been to the mill 5 times over the past 12 months and all I can say is that the project is very complex. I can give MD some benefit of the doubt that his earlier projections were not lies. Rather, they were a combination of irrational confidence and a lack of experience building copper concentrator mills.

F18