PT called from home Thurs. He and Paulie are working there on the final funding $50K or so for N Pacific prior sailing again now to the heavy gold discovery but untouched Yakutat Bay. Surprise is green machine sits in the yard and all N is the search boat he took up earlier with detection gear. While it’d fit on North Pacific plan’s to work dredge year round in open water meaning another deep water boat would be needed to work cable which is Mexus 11% net smelter royalty. Search can haul and sample large cable ends Means some small shares paid in gold are left in North Pacific Gold.
Answer then to Wicked Witch? There are no Mexus assets to North Pacific until they start making our 11%. Now isn’t that precious! Office space at Walnut Grove is paid for but actual acre compound is owned by Paul and items paid for by the mining co is simply time involved and I’ve yet to see where is charged separately to work on them and materials used but I’ll ask. I’m not aware of any other mining concern with that benefit going for it for
Nope, placer and mill are being kept as will shaft hoist when unneeded. For sale are crushers and stackers loaders as too small for AR’s ‘planned giant plant and the 800 GPM M-C plant also in the yard re-built and shiny blue will be snapped up when listed for sale. Yep, he’s in discussion with JV’s seeking for other projects and they are not laughing away from the table this go around. Argonaut backing makes the difference . Lemas report still not released but Mexus own samples are under examination.
I said if Argonaut still will not call Newco “material value” next call I’ll try to ask again as actual drills should have started and samples assayed by then, mid-Nov
He thinks Discovery Ch is about finished with Baring Sea Gold and will be looking for real miners not frying dust in a pan to pour in mason jars kept in the freezer. For me? All girl dive crew pushed it about to the limit.
He’s still no real idea who has the shares unloading but thinks is some taken on by financials from holder with debt loads for just what they can get. I told him all I know do own trades for the discount fee and do NOT use a broker saying dump 100K at market which is pretty dumb. He also says there are no market makers for the stock which I find hard believe but if true can account for the nuttiness we see daily. I asked then who sets the bid/ask? He just asked who does your trades? “Me , of course but TDA just lists them and away they go within my set limits”. They are obviously paired off with sales NOT by my brokerage and come in all or bits and pieces until filled. So SOMEBODY’s making the market. Not sold any much under flat .02 since early summer and grew totally out of any profit any ever PP’d. He says some are depositing now un- restricted but I told all mine are in a drawer until great profits roll in. I said I hear some long term accounts are letting them be deposited but not enough to account for much. So my advice to all is still hunker down for the summer and see what comes after Fall. At that he says many complain that I’m their only problem and I say hoo ha to that! If I’m a problem there will NEVER BE a solution. 8
