Anticipating Member Level Wednesday, 04/06/16 11
Post# of 868
Posted On: 04/06/2016 5:17:37 PM
Anticipating Member Level Wednesday, 04/06/16 11:46:02 AM
Re: None
Post # of 14234
Q LOTUS HOLDINGS,INC OPERATIONS ARE DIVIDED INTO THREE GROUPS ..
THE GENERAL COURSE OR STRIKE OF THE VEIN OR LODE AS NEARLY AS MAY BE DETERMINED IS MASSIVE. .. INDICITIVE OF ALL Q LOTUS CLAIMS !
February 23 2010
Silica Deposit in the Prospect Ranger District Quartz Mountain and Subsequent Correspondence per RAMEX claims
Dear Ron,
I am so glad to see you are progressing on the Quartz Mountain property. If I understand what you want from me, I will explain as follows; you want my considered opinion of the estimated value of 400 acres of the total reserves of silica claims on Quartz Mountain.
Reference is made to my letters of October 31, 2005 and February 29, 2008. Any mineral deposit value is predicated on the value and demand at the time the opinion is given. That being said, the value of the claims has doubled since I last examined them in October of 2005. The volume has not changed-nor will it.
The amount of tonnage in the 400 acre block at 100 feet depth equals approximately 175,000,000 tons today worth $80/ton or $14B. This is by no means the total of the deposit.
As you and I discussed, when standing on the lower end of your claims, we could see the exposed silica on three sides at over 500 feet in elevation. In my opinion, there is at least 5 times the amount as stated above. This is what I believe and seems to be consistent with the opinion of other geologist reports.
Ron, you know I am conservative by nature but I have never seen a deposit of this magnitude. If I can be of further assistance, please advise.
[Ed. Note: The 400 acres are comprised of claims Ramex #2, #3, #4, #5, #8, #9, #10, #11, #14, #15, #16, #17, #19, #20, #21, #22, #23, #24, #25, #26]
Sincerely,
/S/Robert L. Salmon
Robert L.
https://www.sec.gov/Archives/edgar/data/13911...h_10-5.htm
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Re: None
Post # of 14234
Q LOTUS HOLDINGS,INC OPERATIONS ARE DIVIDED INTO THREE GROUPS ..
THE GENERAL COURSE OR STRIKE OF THE VEIN OR LODE AS NEARLY AS MAY BE DETERMINED IS MASSIVE. .. INDICITIVE OF ALL Q LOTUS CLAIMS !
February 23 2010
Silica Deposit in the Prospect Ranger District Quartz Mountain and Subsequent Correspondence per RAMEX claims
Dear Ron,
I am so glad to see you are progressing on the Quartz Mountain property. If I understand what you want from me, I will explain as follows; you want my considered opinion of the estimated value of 400 acres of the total reserves of silica claims on Quartz Mountain.
Reference is made to my letters of October 31, 2005 and February 29, 2008. Any mineral deposit value is predicated on the value and demand at the time the opinion is given. That being said, the value of the claims has doubled since I last examined them in October of 2005. The volume has not changed-nor will it.
The amount of tonnage in the 400 acre block at 100 feet depth equals approximately 175,000,000 tons today worth $80/ton or $14B. This is by no means the total of the deposit.
As you and I discussed, when standing on the lower end of your claims, we could see the exposed silica on three sides at over 500 feet in elevation. In my opinion, there is at least 5 times the amount as stated above. This is what I believe and seems to be consistent with the opinion of other geologist reports.
Ron, you know I am conservative by nature but I have never seen a deposit of this magnitude. If I can be of further assistance, please advise.
[Ed. Note: The 400 acres are comprised of claims Ramex #2, #3, #4, #5, #8, #9, #10, #11, #14, #15, #16, #17, #19, #20, #21, #22, #23, #24, #25, #26]
Sincerely,
/S/Robert L. Salmon
Robert L.
https://www.sec.gov/Archives/edgar/data/13911...h_10-5.htm
Find your trading edge on E*TRADE Pro.
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