Replies to post #13516 on Itronics Inc (ITRO)

[twilko]

It is. Auric is 85% owned by Itro and has the ability of doing polymetallic mining. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42722776
Auric will be able to recover hard assets---gold, silver, copper, and other metals in a single pass. They are currently staking out a property in Nevada to "prove" their ability. When they do, it will open up the potential of recovering other "hard assets" at other mining sites. Currently cyanide is used. They can do it cleanly.

[feddupwithnitwit]

TI CHI,
just to add to gramps response....

Auric Gold & Minerals, Inc. is currently in the process of staking out a core target area in NW Nevada of approx. 7.5 square miles or 4,800 acres.

Approximately 240 lode mining claims will be required to cover this area and they are probably already about half way done staking these claims. Not only is this progressing very rapidly but, as per a recent PR, they are acquiring the federal land rights by way of the most cost-efficient means possible.

The exploration target is a multi-mineral/ poly-metallic occurrence that is expected to contain gold, copper, zinc, silver, molybdenum, and iron oxide/magnetite iron ore.

Through an exploration program that W&W was involved in during the late 1990s and early 2000s, W&W believes that the target area contains a multi-mineral deposit in the size range of 100M to 500M tons. This estimate is based on technical information acquired and compiled by W&W that is specific to the target area. This includes geologic map information, geochemical sample data and maps, and geophysical data and maps. This data indicates coincident anomalies that provide solid technical support of a sizeable deposit in the range of 100M-500M tons at the target location. Also, this location is in a region in NW Nevada where several mineral deposits in this size range have already been discovered.

Gross in place value is expected to be in the range of $20 to $25 per ton of mineralized material.

This estimates the total in place gross value to be in the range of about $2B to $12B.

(info per July 17, 2009 presentation to potential investors...the funding has since been obtained thanks to Mr. Forkner)

Auric is 85% owned by W&W (Whitney & Whitney)
W&W is a wholly-owned subsidiary of Itronics, Inc.

Keep in mind...Auric is only part of one revenue stream of SIX.
(Collection Services, Fertilizer, Silver, Guardian, InsideMetals.com, and W&W Mining & Technical Services)

Btw, the glass slag tile revenue stream has yet to even be developed. That will give ITRO 7 revenue streams.


Note: If this all pans out to potential it will be like buying into an unknown little computer software company started by a college drop out geek in 1976 that went public 10 yrs later for $21/share. (that would be MSFT, do;-))

The upside potential here is ENORMOUS and since early Q4 '09 the downside risk is now minimal. Also, keep in mind the chart just broke out in the closing 1/2 hr. on Thursday and now looks poised for a major move higher. Monday guarantees to be exciting! I can't wait already.

2010 is going to be our year! FINALLY!!!
Get onboard, prox. Monday is the day to double down.;-)



(sorry for the long post...get over it lol)