Thanks for that good guide to ore grades -- emphas
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Posted On: 01/19/2019 11:45:50 AM
Thanks for that good guide to ore grades -- emphasizes the cost of underground compared to surface mining.
So far we are not seeing anything close to the 3 to 5 OUNCE grades long cited by the chief "citer". About 1/60th maybe but the eight-year recitation of those numbers did the job and brought dozens of investors along with hundreds of thousands of dollars. Make that millions of dollars - evidenced by the accumulated loss shown on each quarterly Mexus filing - getting close to 30 million since 2009. That's about 3 million a year or about $670,000 per quarter. Not much to show for it is there? A dozen and a half pieced of used equipment, scattered land claims and a lot of legal bills paid to Mexican law firms. Oh, yeah, the owner's draw and i assume payments in shares to vendors and contract employees. Some in the family
New year - new assay results - pretty routine per Badger's table of grades. We also have a new team of advisors and promoters and potentially a new partnership or technical advisor relationship with Itronics.
Do we need to worry about being green in our reclamation of tailings yet? First need to accumulate some tailings.
There is a lot over overburden to move to get to economic gold at depth. Not sure there is a gold mine in those numbers but we're not seeing the total table of results and I am not qualified to evaluate.
Let's make gold!
I forget to look at it but it's online and still active - Don's kinder, gentler blog dealing more with his reminiscences back to days on the Central CA coast. He's clever and witty an has excellent recall when he's not being acidic. http://8thaero.com/
So far we are not seeing anything close to the 3 to 5 OUNCE grades long cited by the chief "citer". About 1/60th maybe but the eight-year recitation of those numbers did the job and brought dozens of investors along with hundreds of thousands of dollars. Make that millions of dollars - evidenced by the accumulated loss shown on each quarterly Mexus filing - getting close to 30 million since 2009. That's about 3 million a year or about $670,000 per quarter. Not much to show for it is there? A dozen and a half pieced of used equipment, scattered land claims and a lot of legal bills paid to Mexican law firms. Oh, yeah, the owner's draw and i assume payments in shares to vendors and contract employees. Some in the family
New year - new assay results - pretty routine per Badger's table of grades. We also have a new team of advisors and promoters and potentially a new partnership or technical advisor relationship with Itronics.
Do we need to worry about being green in our reclamation of tailings yet? First need to accumulate some tailings.
There is a lot over overburden to move to get to economic gold at depth. Not sure there is a gold mine in those numbers but we're not seeing the total table of results and I am not qualified to evaluate.
Let's make gold!
I forget to look at it but it's online and still active - Don's kinder, gentler blog dealing more with his reminiscences back to days on the Central CA coast. He's clever and witty an has excellent recall when he's not being acidic. http://8thaero.com/
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