It’s pretty obvious to most of us, that the 10Q
Post# of 2067
(Total Views: 258)
Posted On: 02/15/2019 5:37:16 PM
Re: InvestWisely #286
It’s pretty obvious to most of us, that the 10Q was ugly, to say the least. The general/administrative, consulting fees, and exploration costs were over $500,000 for the quarter. Not even going to go into the notes or subscriptions payable. It is what it is.
Personally would have liked to have seen more info on current operations in the subsequent events section.
It would be interesting to know exactly what they plan to do to get Elena up and running again.
Do they build a new pad or use the old one?
I’m no expert, but don’t understand what the thought process would be , behind using the old pad, which supposedly was compromised chemically by MarMar, and just dumping new ore on top. Quite a bit of the salt or whatever else they added too much of, would likely still be in the pad and if Garcia, Lemas, and the other experts couldn’t get it right the last time, what’s changed? Unless they just want to be able to say they are mining again.
In my opinion, and without knowing what earth moving equip they have on hand, I think it would be smarter to start with a smaller fresh pad, and fresh ore, then expand it gradually as money allows.
I wonder if they could run the materials from the old pad through a small wash plant and let Itronics go to work on The concentrates from it. The gold from the ore that was on the pad has to still be there , if it didn’t leach into the pond. Or load it up and truck it over the the vat at Ures and run a test on it.
What do you guys think?
Personally would have liked to have seen more info on current operations in the subsequent events section.
It would be interesting to know exactly what they plan to do to get Elena up and running again.
Do they build a new pad or use the old one?
I’m no expert, but don’t understand what the thought process would be , behind using the old pad, which supposedly was compromised chemically by MarMar, and just dumping new ore on top. Quite a bit of the salt or whatever else they added too much of, would likely still be in the pad and if Garcia, Lemas, and the other experts couldn’t get it right the last time, what’s changed? Unless they just want to be able to say they are mining again.
In my opinion, and without knowing what earth moving equip they have on hand, I think it would be smarter to start with a smaller fresh pad, and fresh ore, then expand it gradually as money allows.
I wonder if they could run the materials from the old pad through a small wash plant and let Itronics go to work on The concentrates from it. The gold from the ore that was on the pad has to still be there , if it didn’t leach into the pond. Or load it up and truck it over the the vat at Ures and run a test on it.
What do you guys think?
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