Raven Raft just posted the following message on IF
Post# of 958
Posted On: 03/07/2013 3:00:12 PM
Raven Raft just posted the following message on IFlub:
Also, I just spoke with Mr. William Lieberman. I believe from our in depth very cordial chat the following:
1. A stock restricting is finally going to occure and soon. 2. Capitalization mechanizims are possibly going to alter in such a fashion as to promote corporate evolution towards a production entity ( soon as in weeks ).
And now my opinion. Buy this stuff cheap whilst you may.
NOW LET THE RANTING BEGIN........ LOL
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Where do I begin? First, their are so many fools out there who just never learn. Raven ravy spoke to William and he said production would begin in weeks. Really?
Has a 43-101 resource study been done? Answer: No, a 43-101 has not been done.
Can a junior miner get financing (other than selling shares through dilution without a 43-101?
Answer: No, a 43-101 in necessary before any financing is granted.
How long does it take to finish a 43-101 once the process is started? Answer: Months and months are required, and thousands of dollars are needed to perform a 43-101. A 43-101 cannot even be started until after the Spring thaw, and typically takes close to a year to complete.
Where does this "production will begin in weeks come from"? Answer: This BS was likely pulled out of William's A$$ and then fed to an idiot dumb enough to listen.
Where will the equipment come from needed to mine? How much equipment is needed? Who will process the ore once mined? Will William and/or Copper Island process the ore? What cultural relocations or mitigations are necessary for tribal people in this area? What will such measures cost, and how long will these measures take? When was an environmental impact study performed? How long does one take? What does an EIS cost?
This isn't brain surgery people, but one would think so when you read the defenders who post on IFlub.
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