Unusual cloud sighted. Last Nov I lost 8 years of Outlook.com e mail. Kept telling me I have a VERY clean inbox and zich else. Mon I was unable to log in and asked be sent a temp pass code. Reset back to same password and mail reappeared. Was just my alternate general mail but lots of stored stuff. Merry New Year and lots I still can’t understand except N Korea acts suspicious. Could it be my Kim J Un dart board?
BIO stuff:
BTW, were I a wonk? I’d do a lot more too fuss us and dress up the site but why? After 12 year RB TOS no notice or explain it gives a few a place to say at least something unopposed and will N0T be long until unneeded. Then I’m through financing any mines ever. War’s ON? Learn the need to dodge bullets and when tour’s ended? No more need. Staff Sgt Jesse Villareal, my TI, yelled at me Nov 1961, after basic ” Phillips you were always too anxious to volunteer”. Was marching new basics on the street to barracks. I yelled back ,”Sgt Jesse? I just want to fly jets!”
Went there did that .
First week Basic all marched to now Bob Hope theater for Chaplain’s talk. Had all stand for ed profile and at College Grad? I was alone. Ought to have taught me something. Was one large 2 yr JC degree became our Dorm Leader but had flat feet and a dull brain. Jesse busted me from 1st Flight leader( initial laundry, had sent unbuttoned fatigue blouse on wall hanger I was unaware came back that way. See 50 guys run to check theirs!) to Chow Runner as a lesson . Guy goes all places 1st and announces Flight arrival and carries TI’s printed schedule clip board.. Buttons were not the thing, would have been something else for smart ass college kid!
I do believe I may have been the best Chow Runner in USAF History if not best educated for a time. To shave seconds for Dining Hall #2 Flight breakfast march in I jumped out a back open bay barrack’s window so to be 1st in line after roll call dismiss and area clean up. Little things meant a LOT
I found later from other TI’s , assigned to Basic Sqdn as causal Airman 1 striper , awaiting New Year 1962 Officer’s Training School enroll,…
he was winning bets my score’d beat all in the training period. All flights’d march to the Lackland ” Green Monster” personnel processing and test. Little bastard shoulda at least split me off some! I waz a contenda!
Great PPS but pretty rapid rise if 100K taken below .03. Thank the sellers. I took a late 1K to keep .0339 but bet was Zins with 30K AFTER, 16:03:40.. That trade was taken off so pleased I kept the last buy up for a 1K nothing $43.89 total. With a $9.99 commis makes .04389 each but spread over all held? comes to 7 digits below decimal or near horizon’s vanishing point off a flat earth map . BUT the up .00728 from bid .0262? Gains P’folio $146K. We say can’t spend money just on paper then go and spend almost worthless paper money. POG’s been a hand made suit for centuries!
I recall back when idiot boy HMS GW Lout began making ” 6 figure fortune” in GORO but had nothing decent to say and eternally joust posted with “Zoot” saying about same who seemed to die of anti-anything good to say of anyone else or Fish People Fugu poison , perhaps, 2 years back. I asked why nobody took them on? Answer was “We enjoy watching you do it and never seem to need much help.”. Simply helped self since and works about good as ever. Stout hearted vs faint heart ne’re won fair maiden. 8
The Gold Update by Mark Mead Baillie — 268th Edition — San Francisco — 03 January 2015
2) California: Only our silly little State could come up with this. The powers that be are now requiring new chicken cage standards that allow sufficient space for the hens to move about, stretch their wings, and so forth. What’s next for our poultry pals? Driver’s licenses? Don’t laugh: beginning yesterday, illegals (I’m sorry: “undocumented immigrants”) can officially apply for them,
Mark Mead Baillie
To
me
Jan 4 at 7:03 AM
Good Lord, Don, ‘tis Club Med all over again! …m…
Supremes to judge chicken dance ?
To:
Mark Mead Baillie
Today at 5:01 AM
“This is not an animal-welfare issue; it is about California’s attempt to protect its economy from its own job-killing laws by extending those laws to everyone else in the country,” Alabama Attorney General Luther Strange said in a statement. “The citizens of California made a choice for their own state, and when they realized it would harm their egg producers, they made an unconstitutional decision to spread the damage to other States. If California can get away with this, it won’t be long before the environmentalists in California tell us how we must build cars, grow crops, and raise cattle too.”
Law says none can even SELL illegal eggs in largest egg state or face 180 days in the jug!
MMB, spent summers on aunt’s egg farm in Hallwood N Marysville in the peach orchards/gold dredger rock piles. Want round rocks to line freeways? Shazam!
50K hens and stupidest creatures going. Free floor space requires little metal specks pressed on beak to stop pecking each other.to death. Cleaning eggs is a chore with droppings all around nest areas. Cages eliminate both troubles and only feature question
is size. 1 sq ft is CA law. Aunt Leona got smart in 50’s and went to brood houses instead and sold chicks. Easiest health gauge possible is stress hormones in the laid eggs and studies show cage beats free range with attacks by others. When we moved to Prunedale in ’51 we raised 300 chicks ( hens selected as roosters are rejects/killed. and was my role to feed and care in a large 20X20 hen house with peck yard.. Gather eggs buff and pack in crate for Poultry Producers Central CA. Sunday after church a wire leg hook picked non producer for dinner. Wring pluck and clean. Great free range bird but used slave labor in non- profit enterprise included milking a Gurnsey, raising calf and slopping pig before school. Best aspect? Get an education and never more! Don
“Are the bashers back from their holiday vacation? Probably screaming about why its Paul’s fault that the majors are taking so long to make a decision and why didn’t Paul work through the Christmas holiday??? Scrooge ain’t got nothing on these bozos.”
Among Bozo-est now says if only will go BACK to .025 may buy more! Can’t invent idiots like those! All should accept a 40% clipping for a too stupid to take on max where it was on Wed Dec 31 last day EOY tax sales 770K trades down. 100K cost $2,500. One day’s return to lowest ask ever. Zin’s a bright bulb Friday in the flashing “BUY” ! 8
Sunday, 01/04/15 04:23:06 AM
” i am feeling the urge to do just that. If it can move down to 0.025 again I”
“Nice start to a Happy New Year! Up 40% on first day of trading. Only took me $1500 to move Ask from .03 to .035. Huge spread on Bid/Ask, but once Paul gets a couple solid announcements…ain’t gonna take much to move share price northward at all! Get em while they’re still cheap. Cheers”, Zins
Funny thing? I don’t do a fracking thing bur repeat what am told then fund the best I’m able. Queer- eyed’s seem to think that means I’m responsible for something I can’t quite see what. But as to dollar gains? Penny up Jan 2 means $200K paper gain. How’s yer pouch hanging? Loosey -goosey? just booked NCL cruise trip to Nome on Aug 17- 24th for some hallibut and goldfishing ( paid in poke). Helps to have at least one SHARP tool in pouch! Could use a magic money chest and Lout’d be pleased at last!
Just saw last Hobbit flick Battle of 5 . OK enough and now can be 13 hour festivals. Enough elves for one day and then there’s the fairy. Great Wihte Lout’s not so evil, simply silly. Likes to dance to own sweet music under full moon odd times. Guess odd’s the applicable word. 8
The Fairies as Fallen Angels
Ireland
The islanders, like all the Irish, believe that the fairies are the fallen angels who were cast down by the Lord God out of heaven for their sinful pride. And some fell into the sea, and some on the dry land, and some fell deep down into hell, and the devil gives to these knowledge and power, and sends them on earth where they work much evil.
But the fairies of the earth and the sea are mostly gentle and beautiful creatures, who will do no harm if they are let alone, and allowed to dance on the fairy raths in the moonlight to their own sweet music, undisturbed by the presence of mortals.
“On March 24, 2014, the Company resigned as the operator of the Joint Venture with Minerals La Negra S. de R.L. de C.V. and Trinidad Pacifica S. de R.L. de C.V. and sold 50 shares of the minimum fixed capital stock of Mexus Enterprises S.A. de C.V. to First Pursuit Silver de Mexico S. de R.L. de C.V. for the following consideration:
i)
Assumption of $468,000 of accounts payable;
ii)
Payment of $100,000 and $100,000 on July 2014 and July 2015, respectively, on behalf of the Company to Minerales de Tarchi S. de R.L. de C.V. for lease payments under an exploration agreement;
iii)
1,660,000 shares of common stock of Silver Pursuit Resources Limited; and
iv)
$4,000,000 due on or before March 24, 2015.
The sale of Mexus Enterprises S.A. de C.V. met the criteria for being reported as a discontinued operation and has been segregated from continuing operations for all periods presented.”
As I recall the initial $100K payment was to purchase the ejido rights so the 2nd $100K in July should complete that purchase at no cost to Mexus and transfers rights to Atzec ‘s new JV . Was one of the main things they wished to enter our original JV after loan to Kenneth was deemed a total loss and ended our contract.
Today’s PPS .04C worth $53,120. Since sale Mar 24 ’14, 1,260,200 shares traded from 11.5 mullion. According to annual insiders hold near 60% and same near 60% are listed as by institution. All as I usually assumed, Atzec is a private fund wanting to control San Felix for about a decade needing assist to jail Kenneth. Any kind of businessmen would NOT pay a cent of $4 million price much before due date as long as free hand at Trinidad knowing Paul wishes to concentrate totally on other properties. 8
“The placer should be in operation soon, bringing in, we’ll say, $50,000/week on average. That will fund the beginning of building the MC setup. You can move a lot of dirt for $50K. In March, Atzec and company should come up with $4,000,000…in cash. That’s enough to develop everything. The tax money you memtioned is about another 1/2 mil. ”
BUT!! placer will FIRST fund the high grade Julio 2 shaft and MILLING that will fund the heap leach and is exactly what some smaller than 50% the JV bargaining offers for around $5-7 mil upfront , not mess around cash. And yes, difference is about 3 months time. If he gives it away for less than true value for just 90 days start? I’ll jump him 1st! 8
Today at 11:44 AM
“Here’s to a Happy New Year for MEXUS. I finished up buying what I wanted today. Hope you are having a good holiday. Cold and drafty here in SoCal.
Whats your feeling about which would be best for MEXUS, going it alone, or with a partner?? I have mixed emotions about it. I guess having a name partner would give us a lot of credence in the mining world where as going it alone could reap a lot more profit assuming PT can make it all work.”
Today at 12:49 PM
Best is a name partner to be up running ASAP and go alone on other projects. with no more cheap dilution needed. Test mining milling shaft while a drill program’s funded much like I just posted about Goldgroup’s Cerro Prieto off to E on Mex 2 100 miles.
Nice being home as fun gets a bit old with own getting older. Turns into best luxury of all is own bed and home cooking. Let’s get 2015 going. Great PPS for truck backed up and loading!
Q&As
“Forgive me my stupidity now, but if a deal does not happen, what options does Maxus have? Can they go at it alonbe? I mean, they have very Little money. Is a costly PP needed? I hear they have gotten tax money back but I doubt that will cover mine start up.Any Words of wisdom are much appreciated.”
Restart of the placer was felt demanded mostly due to slowness in dealings. Does 2 things , provides about 5 oz , $6K daily cash to keep lights on and demos own endless nugget and fine gold supply any JV can’t even bid on since between B family and Mexus. Means about 5 sq miles (2k hectares) valley stock zone down to bedrock for scoop and wash. Have to navigate that to enter shear zone and the 5/6, to Km long veins.
OK, tax refund in hand and payroll and diesel met with placer, we know B brothers chomping to develop Julio 2 plus higher assay above ground veins they’ve lived with and artisan mined ALL their life. It’s not only Paul that is holding for a real deal when they’ve been refusing low ball stuff last decade since Sonora boom began. VP Julio WORKED as geologist for AuRico and fired as would not gave family rancho away leading to Mexus offer accepted. Paul has REAL cred in Caborca. Believe it! Entire San Felix Key Stone Kops comedy proved that Atzek wanted that property and WILL pay Mexus in March.
Now we apply for blast permit to work beyond enormous above ground laying around stuff and start the shaft development down up and out. Every time I have been there he’d have us grab some rocks near quartz veins surfacing up to crest , take back to grind and pan gold! Be confidant any visitor’s done the same and sampled deep as well..
So? Mid-March is 2 1/2 mo away and lots of stuff to occupy that time which would be required WITH a major in tow. Realize dumb EOY tax sale .025 PPS is near 1/4 mil shares every $6K traded? Jan alone needs 7 million PP issued to replace day’s placer $6K cash. Placer will run Jan on. Feb passes doing stuff needed like blast approval and PRESTO…. MARCH blows in like a lion. Recall he took on Rancho in Mar 2011 and 4 years is still light speed in mining. Were PT a big Toronto magnate or a Denver gold board brahmin raising $ ‘d be lots easier. BUT probably 5 times the cost he’ll need to do it with . Meantime back at rancho gold sits and as all ancient eons? Waits. 8
Caught him driving to Placerville. Will go back Friday and stay until placer is running with daily revenue and a decision OR not means a JV or not a bad , tho delayed, 100% Mexus operation. Sorry, best can figger. Still least 2 others and major in mix. Silly blast permit is a legal move you make when is an actual need. So far ATZEK is satisfied but well aware clock ticking on taking back half San Felix in Mar not paid $4.1 mil in full. Timmins San Francisco mine is not a neighbor, about a long hour’s drive E on Mex 2 at Santa Ana then short way S on Mex 15 coming down from border on way to Hermosillio .
I’ve been following the Caballo Blanco project for many years almost directly on the Gulf above Vera Cruz. Pretty well drilled but NO Environmental Impact Study approved so a long way to go . Goldgroup, the seller tho has a mine in Sonora and their blast permit took about 3 months early last year. Cerro Prieto Project is also on Mex 2 but well E near Douglas AZ. Still a view on how approval is granted. March could be the approval along with funds from San Felix sale. BTW PT says pond and placer move was the B brothers, himself and 2 equip drivers alone. Rest of crew there more pick and shovel type . Just as there
“The Environmental Impact Statement (Manifestacion de Impacto Ambiental) and the Authorization of Change of Land Use (Estudio Tecnico Justificativo para Cambio de Uso de Suelo) for the Cerro Prieto project have previously been granted.”
“Actually, LOM pre-income tax cash-flow would be less cuz they used 1500 POG. Anyway…yes…84.4M would go a loooong way at sta elena! but unfortunately we ain’t there yet…
Know you prefer not to contemplate — me neither. but good commanders plan for worst case too… and the question I asked in my ps nags: do you have a sense of pt’s backup plan if no jv deal at s.e. and no 4M from trinidad? any sense of this….?”
On Tuesday, December 30, 2014 1:20 PM, :
don….
…saw your blogpost re caballo/timmins. yeah….waaay bigger and with more geological info. assuming it’s accurate, timmins has a decent idea of a minimum they’d be getting for their 25M in cash and stock, which is just not the case at sta. elena as of now. also….assume timmins will be exploring other parts of this vast acreage for further exploitable gold/silver…it’s indeed a huge tract.
still….8000 acres isn’t peanuts…and if pt is asking in the neighborhood of 7M for 49% for what for now seems like a similar-size deposit with easier processing, seems he’s offering a reasonable deal. and of course, i’m assuming that any deal will have “stepped contingencies”, such that deal would be voided in the event drilling does not corroborate what pt has stated is there. buyer will surely want those kinds of conditions in the deal….
anyway…guess we’ll soon find out. for today, a bit of selling pressure likely due to last-minute tax-loss selling…..
hopefully far better things ahead in 2015…
best to you,
chris
ps: heard anything more re Silver pursuit/ Atzek? saw that their stock actually traded a few shares yesterday…. really wonder how likely they will choose to go ahead, especially at the contracted 4M price. if in fact they want to proceed, my guess is they’ll let this agreement expire…and then try to get trinidad at lower price. just gut logic….especially as they surely are very aware of mexus’ empty bank acct….
Today at 12:14 AM
No miner in right mind (IMO) would give up Trinidad for $4.1 million after a full year doing what they wish. Paul did due to their desire to take it on in the first place without the Mexus funds to make it what it can still turn into. Realize it would just put Mexus back as major partner at San Felix and in control again of whatever they’ve done in the year’s time. But stupider things have happened! AND Atzec as BIG Mexico mineral big wigs named MUD!
With the rancho such a superior property yet still not the cash to do things swiftly that $4 mil assured come March should get it moving JV or no. Placer moves are both quick cash in hand and pressure for talking point with a JVer…. who would not even share.
AuRico at El Chanate E of Caborca has problems with poorer mineral content now at their large older heap leach plant will NOT be Paul’s problem our side of town. 8
…saw your blogpost re caballo/timmins. yeah….waaay bigger and with more geological info. assuming it’s accurate, timmins has a decent idea of a minimum they’d be getting for their 25M in cash and stock, which is just not the case at sta. elena as of now. also….assume timmins will be exploring other parts of this vast acreage for further exploitable gold/silver…it’s indeed a huge tract.
still….8000 acres isn’t peanuts…and if pt is asking in the neighborhood of 7M for 49% for what for now seems like a similar-size deposit with easier processing, seems he’s offering a reasonable deal. and of course, i’m assuming that any deal will have “stepped contingencies”, such that deal would be voided in the event drilling does not corroborate what pt has stated is there. buyer will surely want those kinds of conditions in the deal….
anyway…guess we’ll soon find out. for today, a bit of selling pressure likely due to last-minute tax-loss selling…..
hopefully far better things ahead in 2015…
Answer
Today at 2:47 PM
NOW, what could PT do with $84.4 mil?
Initial capital costs estimated at US$84.8 million, plus additional US$53.5 million of sustaining capital costs over the LOM
Total LOM pre-income tax cash flow is US$386.3 million, net of pre-production development and sustaining capital of US$138.3 million
Is just a ’12 PEA and still limited drills on total area with most inferred. But shows what gets taken on.
” The preliminary economic assessment is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company has not made a production decision and no assurances can be given as to when production may commence”
Timmins would have been wise to have taken Mexus property. Greatly larger area with high sulfides problems and much weaker mineralization a LONG ways away far S Mexico and certainly no more developed since 2012. Very similar production goals but MUCH harder to produce with need to oxidise for heap leach and apparent SOME oxidized pockets for milling extraction. Rough half gram /ton over all. Near $800/oz to produce. 100% for $10 mil and 16 mil TGD @ .90. TGD is near $25 mil.
So far both Q&A I’ve answered after talking and asking recent past with new % for family for increasing placer run and 8K is correct area size. Guess should move on and tell a Lout why he doesn’t spend money he doesn’t need to for permit can’t have used and hasn’t yet needed. But now is from Mexus mouth not mine. Hope was answered as cheap as from me saying same!
Sunny Thurs AM at the lake . Now just light dusting melting in sun, roads salted and clear. BUT was a white Christmas. Tahoe and I guess all Caesar’s properties have real problems and SHOULD have sent email telling guest what t expect over Christmas! Have to seriously consider not going there again until problems causing layoffs and shutdowns are resolved. And we love the place where were married in ’71. Rather stay at Peppermill and there now on Sat 27th, treated very well thought not top Chairman Level but just2n tier Diamond where are 7 Star top level at Caesar’s. But are over 50 Caesar’s worldwide not just one real nice like Reno P’mill. We’d then just drive up to lake for a days use of benefits. Did that in May. You usually know 1st thing to go is Video Poker pay lines with any shuffle of games. Will require rethink of world view!
I think PT’s fully explained the details of holding a blasting permit and needing 24 hour approved security with frequent inspections by the military and specific to the site . Right now is still a 3 barb wire fence around it all. This everlasting jerko wants to have done that he says ” last 4 years”. Until you have need to set a charge you don’t really want all that requirement met and paid for. As of yet since before thoughts of cleaning out and opening Julio2 in mid 2013 the only blasting even considered was at San Felix and never done as was no crushing facility just repositioning ore then sold totally last March. Keep those great thoughts coming, Lout! The answer, BTW, is preparing to open the rancho for mining with all permissions and guess which is the final permit needed to remove ore for processing AFTER loose rock and soil for placer from the stock zone which will need need no blasting ever. I think it also answers the same loud voice asking why haven’ t they reopened the placer.
So here’s a fine biz plan. As soon as the rancho rights were under contract much before anything was known or planned in March 2011 we bought a big safe and put a few $100K inside and built a secure depository and hired guards to be 24/7/365 even though the money was spent and we were selling shares at a penny. Now we can open the empty safe and thank the careful guardians while spending non-existing funds. But since stupid is as stupid does let’s ask the boss why he’s not as stupid as me? 8
“Yeah I asked since 2011 we were supposedly applying for a blasting permit at Julio and here it is almost 2015 with still no permit. What have we been doing the last 4 years?? “