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KelleyE

07/19/11 7:00 PM

#1711 RE: snotter #1710

Agreed. The latest report was as bare bones as it could be and produces more questions than answers. This was supposed to be a 6 month test, not four. Now what? Was the 6 month test cut short? If so, what is plan B?

According to my math, since the last report, the concentration of gold was 188 mg/cu meter for this last batch which is why the average concentration dropped from 318 to 309. The overall rate is still good.
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Riverlakes1

07/19/11 7:10 PM

#1712 RE: snotter #1710

I talked with David Smith and he said they are so happy with the test mining project, that they decided to cut it short. I think he meant that they got all the info they needed and no longer need the test. They are ready to move forward and go to the next step. I don't know what the next step is. He did not say. I think it is good news.
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deepsea104

07/19/11 7:13 PM

#1713 RE: snotter #1710

Do we look at the termination of this program in around half the time they originally announced as good news (we have found out what we needed to know so lets move on to the next stage) or not.
In any case the Co. doesn't seem to be anxious to keep the shareholders FULLY informed.
It looks like good news but not sure I have enough information to be optimistic.