Replies to post #68975 on Sustainable Green Team Ltd (SGTM)

[uksausage]

mdp1 can you explain these two statements?

- Gold production from dredging Pampana river basin next year should be profitable in 2013

My interpretation is we are already profitable in gold revenues so far this year (400 oz) covers 12 months SL labor and mining costs and 6 months still to go.

Carbon Credit/biomass/timber is just a financial DRAIN on company funds

What drain on funds this year? I am not sure what the CC overhead is but no form d in 3 months now == cash flow posative


SGCP has not drawn any funds in 3 months has in my opinion (please provide evidence to contradict this) enough cash already for the year and are still dredging due to late rainy season.

[Atilla]

The black sands are not a pie in the sky. They need to be concentrated and tested befor shipping for refining. A load for ARDC is 22 tons and I will not ship unless i have 5+ oz per ton tested. Its just not cost effective. When I get over there and test SGCPs sands I hope to concentrate and refine thier product. for a percentage. This is still in the talking stage.

Atilla