goldbarren-
I don't own any stock here (way too sketchy), and don't know alot about them, but have followed their mishaps for a year or two now.
My interest was two-fold- first, last year I met the owner of a Construction company in Arizona who had constructed and operated the COD Mine years ago, and so I found them through researching it's history.
The thing that really caught my attention was their "processing facility"... as I am working on a mill project in the Virginia City Nevada area, I was curious about potential competition.
I've never had any contact with any of them, but the "facility" does exist.
McCarran Nevada (which they list as their address) is a tricky place- it doesn't show up on most maps. Technically, the zip that is listed with it is attached to Sparks Nevada.
The old McCarran Ranch lies east of the Reno/Sparks metro area... parts of it have recently been developed into the Tahoe-Reno Industrial Complex (known as TRI). It's a very extensive industrial park in Storey County Nevada.
There is a building at the address that they have listed for their facility. I drove up to it, and around it.... it looks like any other manufacturing/warehouse building in the park. It is not labeled with their company name, and there are no signs of anything mining or milling related on the exterior. Most of the windows are tinted, so I couldn't see in. I peeked in the front window/door, and saw a mostly deserted office space.
I am highly doubtful that this "facility" has any milling equipment in it.
They were also playing games with the permitting, and there are inconsistencies. I noticed that they PR'd their supposed "permits" from the County- mentioning a "temporary business license" and a construction permit.
I'm dealing with Storey County right now- they are actually quite easy to deal with. That being said, they require a Special Use Permit for any mining or milling activity- without it, there is no way this "facility" could operate, and it would be foolish to build or assemble it without this permit in hand.
It also looks, from public notices, like they received their Water Pollution Control Permit from the NDEP- this is the major environmental permit that they would need. The notice, however, stated that it would become effective in May of 2011- I think this is a mistake, and it was supposed to be May of 2010, based on the time frames.
Anyway, I just wanted to throw this info out there. While the building is real, I am thoroughly skeptical that it is a "beneficiation facility" of any sort, or that their permits are in order for operation.
Given my past experience with "mining" companies like this, I'd stay far away.
Cheers-
Clay
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