Ooooops.......it works for magnetite.........I forgot........my bad.
And sells for $$$$$
Here is my take on this whole debockle, MD signed a deal with Navada Star and in that deal, CPRK(Q) was to mine that land. First mistake, (IMO, it limited what CPRK(Q) could mine).
Problem was the mill was designed and built to run other types of ore, not just limited to that ore body, IMO if CPRK(Q) could mine other ore bodies that are more condusive to the mill setup, then maybe they could make some $$$$ to upgrade the mill to handle any type of ore.
All this is just my opinion, just seems like with the amount of land under lease, that there is something out there the mill could run and be productive.
If they could have produced $$$$$ they would have.............end of story.
Not true, if a contract is signed, and is limited to a specific piece of property. A company has to put forth a good faith effort to abide by it.
Here's how i look at it, if i have a 100 ac. and a river divides it into 50 ac. tracts. My side has Gold, Silver, Copper and the other side not really sure.(thats why so much money is spent on drilling) Now lets say Navada Star owns the 50 ac of that (not really sure), and i sign an agreement to mine the land, just because one side has precious metals does not mean the other side does.
So i proceed to mine their land first because of a contract and find out, it is a harder rock, and more dirt then on my side. No matter what i try i can't get any of the precious metals out? Now i know the mill i have built will run the ore on my side, no problem, but i can't mine it due to a contract. I have no more money to get my side to the mill, and Navada Star says, i don't care. Not my problem.
IMO there is enough land under lease that can run through the current mill configuration, problem is, no money to get to it. Tried to heed to contract and ran out of money before they could get to it.