Replies to post #178 on LKA Gold, Inc. (LKAI)

[gitreal]

Sorry Troy, but you are incorrect. That phrase "Desert Dirt Scam" has been around for decades, and has nothing to do with LKAI. LKAI's mine is not in the desert, nor does it have anything to with dirt. From what I understand, they are an underground, hard-rock mine. And I have seen no evidence presented on this board that they are a scam.

Just so we're clear, a typical desert dirt scam is where a promoter tries to convince investors that dirt out in the desert contains sufficient gold (or silver, or platinum, etc.) to be mined. Typically, there is no proof offered to support this, and geologically speaking, there is no reason for those precious metals to be present. Most of these desert dirt scams have been focused on Federal lands in Arizona and Nevada. Does this sound familiar?

[rbtree]

This board "coined" the phrase "Desert Dirt Scam" believe me

Whatever you say.....


But, perhaps we should break down that claim, word by word

One: "Desert"....Problem there, as the Golden Wonder is in Colorado's Rocky Mtn's....Desert? not for hundreds of miles.

dirt...sure, a bit..All mines work around dirt. But LKAI is a hard rock mine, a very rare telluride deposit, and has produced grades of up to 25 ounces per ton, which made it the richest current producing US gold mine, by a long shot.

and, "scam"?? Sure, whatever....makes sense... soone..........Well, save for the tidy financials, low 0/S and dilution.

True, there is the debt issue. But Kye is biding his time and should be able to solve that problem sooner or later...and the hiring of Perttu, which is perplexing.


Enjoy the heat....it's not bothering me....