Re: Anton banned?==spiny or anyone?
in response to
by
posted on
Apr 16, 2012 12:13AM
(Edit this Message from the "Fast Facts" Section)
Garick- Many of your questions just have no basis. Some are answered elsewhere, often in the filings, often multiple times.
Are you sure Belle Peck is SFMI 100% owned? Which claim is it from?
Check w/ RK. He has said 100% SFMI before.
Also, on unknown claimants. After one year if the claim isn't paid by the claimant, the claimant relinguishs their right to the claim and the BLM takes it back until someone puts a claim on it.
Who put claims on those unknown claims? What is PQ hiding?
Obviously someone has been maintaining the claims- probably someone in the 29% ownership. You can't pay 29% of the fee to maintain a fraction of the claim, you pay the whole amount, which is quite minimal, to maintain the whole claim, even if you don't know who the other owners are.
I asked RK about the Great Western claims and he BELEIVES which means he has no !#!# clue or he is dodging a bullet that its under SFMI and GHDC.
Or maybe he just didn't bother to check the filings which state 100% ownership by GHDC, leased to SFMI.
The new claims ...how many acres? Who owns them outright? Where in writing does it state who owns them?
They are listed in the filings. SFMI owns them, as is stated also in the filings.
On the revenue, here is a possible scenario..maybe the 174k came from the new claimants who own the claims paying SFMI to mill the product.
Baseless speculation piled on baseless speculation.
SFMI is milling 24/7...do the math in how much gold/silver is going through the mill. 6 grams of gold pt and more of silver at a 100tpd.
Yes, do the math, don't just say it. The filings state they have 30,000 tons of ore that needs to be reprocessed to remove the remaining gold. That's about 40-50 tpd over 2 years, about what the mill has been running (not the 100 tpd you mention). That ore is still there, with most of the gold remaining in it. At 20% efficiency at 5 g/t, they're getting 1 g/t out, or about 30,000 g so far. That's about 1000 oz, or $1.65M. And remember, that's in concentrate that has to be smelted. They reported about 1/10 that amount so far from two small shipments, and they were still smelting (with the small temporary setup) as far as I know. I expect a larger amount to be reported in the coming 10Q.
I am no rocket scientist but the math doesn't compute.
Yes it does.
Which claim does the Oso ore belong to?
Maybe the Oso claim? Which I think is one of the 29% ones, which might be why they only processed a small amount of it.
We know there is no access road to the Oso dump.
What you mean we? At the 2010 shareholder meeting, we all drove up to the Oso dump. There are pictures in the photo gallery labeled "ore dump". And you can see a front loader and ore truck, so it wasn't just a 4WD road.
You know I have plenty of reasons to complain about the way the company is run, but that doesn't doesn't justify inventing more.