From Showmedollars: "Just talked to VOXR and The IR Firm..."
Quote: -------------------------------------------------------------------------------- 1) Joseph Torkan has had initial disussions with the gold mine owner who's name is Paul
2) Torkan contacted his lawyer and business partner today and will be doing a conference call with Paul tomorrow to work on all details
3) VOXR has 0 debt which is unheard, of except for that it has a $100,000 tax liability to the IRS to be worked out, meaning it has to be paid off with cash before the R/M can take place. Torkan suggested to me he and his partner could pay this and in doing so would ask the gold mine to recieve a few more shares in the new company, and I am trying to get on board too. We would likely recieve Convertible Preferred shares in the new gold mining company for paying off the $100k
4) Finding out the mine owners name, Paul has led me to a very high liklihood of discovering the gold mine as there are only 3 old gold mines not in current operation. It is the Camp Bird Mine
5) With that said, the Camp Bird Mine was permitted to go back into operations in 2007, 1.5M ounces of gold has come out of it, but they stopped mining it in 1990 when the price of gold fell. At today's gold prices it is well worth it to reopen the mine, which is why they want to do a R/M, get listed, and attract investors and bigger gold miners. Since 1990 the gold mining technology has changed, before they used to just dig and sift for what they can see, now they use heap leach mining where they use cyanide to erode all of the rock, and leaving the gold. If 1.5M ounces of visible gold came out, there is likely 1-3M more ounces there
The Camp Bird Mine is owned by Federal Resources Corp:
6) What could Camp Bird be worth? Well, a 43-101 technical report must be done on it to determine how much gold is there and when that is known essentially for every 1M ounces of gold in the ground market cap of the company gets $10M on the pinks. So if this has 2M or 3M ounces in the ground, look for a $20-30M market cap. The reason why it doesn't get a higher market cap even though that is up to $4.5B worth of gold, is because you have to set up operations which is expensive and drilling is expensive too. Typically juniors like this get snapped up by bigger gold mines which leads me to this.
7) Newmont Gold, the world's largest gold producer is headquartered in Denver Colorado. They buy junior mines all of the time. In 2010 they added 1.7M ounces to their reserves by buying smaller mines. If the Camp Bird Mine has 1-3M ounces of gold, you can bet your bottom dollar they will buy it for $10-30M or more depending how the price of gold at the time, and as far as I can tell, gold is going up.
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