I asked  tmlonggun to join in  so  long  distance  charges  are small. He  obliged and   is  added

BOE says  if  a major  such as  Fresnillo  takes 45% and  uses  shares  to buy then own funds  to develop  45% worth? The  purchase shares  held  by  Mexus are  worth 45% of  current  $11 or  about  $5. Doesn’t buy  45% of  Mexus but  45% of  its  major  asset the  Rancho and  adjoining  property.  It’s more  probable  the  purchase  of  whatever  % was found  acceptable ( reason PT will be  doing  any possible  signIng  In  Hermosillo) will be  cash  to Mexus  so  can provide  own portion of  development. $5  is  no shabby value  to own 55% (or  whatever ) so has  given  some  value  to the  project  at  last. PT’s  NOT taking any  offer  for  over  49%  as  we have  found long  term now. A sale  for  $5 million in  $11 PPS is  455K shares or  $5 mil cash. Toss  in  the  $4 mil owed  on  San Felix JV in March and  there’s  $9 million or  3 1/2 cent  a  share cash value  to buy  today under  3  cents and look for  something enormously higher  with a  contract  for JV 45% in  hand.  Casino does  seemed  rigged  to favor  the player this  go round. Sent  this  to an old  friend

To

Late 10Q? No kiddin! 8

NT 10-Q (Notification that Quarterly Report will be submitted late)

Will be  SOMEONE in Homer but  will NOT be  Sr.  Paulie’s been  financing  final  shares  in  North  Pacific  Gold last  weeks  now and  has  bases  covered. Flying  Alaska Air via  Anchorage  to  get  back fitting  the  ship.  Should  be heading  out  for Kodiak   winter  season shakedown mission  when all’s  correct loaded  and supplied. Is  NOT a  rich man’s  toy, is  the  way a  serious  miner  goes  about  business. As  Jr  a newly wed whose  business and  probable  residence is to be   Alaska  and  Sr a recent  widower little  time spent North ?  I doubt  EITHER have  a  mistress  in the   great North West or  Alaska.  I’d  expect  good  photo  evidence  soon from a  pro like  PT Jr  so don’t  just  drop in  at Homer  if  not  a planned  vacation  to nature’s  beauty spot. But, hey, the  moon is  magnificent  desolation! Just like much   of Sonora  Mexico PT Sr  will be  passing by same  time .  Just  two guys  I wish I still had the  energy  to be! 8

Update Fri noon is  PT is not now in  Sacramento.  Whereabouts  unsaid but  doesn’t like  to be  tracked any  precise  period and I try  to comply. But  this is perhaps  his most  important journey  ever. Should mean  a  meeting with some  major  miner Execs  this  weekend  earliest, Mon latest.

Now  old  news:

If  PT’s not home  still this  weekend, might  look for  him around  one  of  these  offices  Monday.

The name  cannot be  said …..

“If any negotiator  said the name “Fresnillo” all enchantments around them would break, letting death eaters and snatchers apparate to that location.”

Best  I can figger. But  like I say nobody’s  ever said  that name .

Advanced exploration

All I can say is any could drive an hour south of AZ border and Paul’d gladly meet and greet to lay it all out. So compact is truly a majestic spread I assume Fresnillo has driven/flown past and desired for some time while owning most nearby. If I read right were allowed past the fence 1st time last week and now allowed to make a correct offer which may be announced next week. Seems very positive in a poor time. Some, my experience past, will call this weekend period prior pure BS. ME? Give it a short week and see what pops. All I trust and trust me I DO TRUST are also all in. Round n round she goes. 8

“The last gold/silver price drop is helping keep demand for the physical very high. Heard the US Mint sold out on Silver Eagles again and have been rationing them since 2013. Russia bought 55 tons of gold in Q3. Of course there are still so called precious metal analysts that say gold/silver is a bad investment now. Mining stocks are dirt cheap now and poised for a comeback and we are one of those. 7.5 million market cap for this stock is a joke, with a potential deal near or at worst plans to pull gold out of the ground on our own. Either way we are mining gold soon and that means higher SP. Or you can believe stocktradeup or lurediver whose RB posts are the intellectual equivalent of articles about the Kardashians and Justin Bieber.”

4 weeks  is  up  on Fri 14th, a possibly   lucky  day.  Assuming  it’s been DD’d  both geologist  examined and  Execs  met  this week we  may see a  contract  or  no contract  next  week which is usually  5  business  days long.   IOW, BOE make  5  boxes and check them off on the  cheapo  starting 17th. Nothing? Toss  BOE on 22nd.  Get  new  envelope  from trash.  8

Started  to watch last  night’s and  the  smell around the corner’s  strong. Takes one to know  one and whatever? Guy’s  lying  about  something. Real people will take him out. Nobody  I know  who did  that  would  take  that  story line.  Will turn out dog’s  the hero not  that un. Lot  like being on  Columbus’s  ship and  carrying  the Spanish flag  to give  Admiral of  Ocean Sea’ s after  stepping  ashore;  or 2nd  man on the moon writes a  Me  First  book, or jump up and  down with 2  fingers, “We’re  number  2, we’re number  2!”

Brave  fellow  as them all always  but cigar  goes  to he  first  shot then protected   “Our  Hero”  behind from possible  ladies  exploding since the  tall guy wasn’t vested nor  a  very  good  warrior.  Wouldn’t  you  know?  8

“Former SEAL Team 6 command nor  very good er told the New York Times O’Neill only fired ‘insurance shots’ into bin Laden’s twitching body after the terror leader had already been mortally shot by an unidentified SEAL who is still in the service.

That hero is described as the ’point man’ who led the SEALs up the stairs in bin Laden’s compound to the bedroom where he was hiding.

Another Team 6 member also disputed O’Neill’s version, saying the ‘point man’ had wounded bin Laden with a shot to the side, and then grabbed the women in the room for fear they were wearing explosives. O’Neill, he said, had then finished Osama off.

And Reuters quoted an unidentified source close to a SEAL Team 6 member as saying the fatal shot was fired by one of two other men who entered the room before O’Neill.”

Read more: http://www.dailymail.co.uk/news/article-2830540/Bin-Laden-shooter-says-government-planned-killing-9-11-mastermind-Navy-SEAL-Team-Six-believed-suicide-mission.html#ixzz3IulwNfEX
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This has been going on  since Aug  11 cert reissue for  3  from 2013. The  gift  that keeps  on  giving.

Ameritrade – Christopher Gulick

Wouldn’t  be my blog and  not  mention Veteran’s  Day which grew  out  of Remembrance  and  Armistice  Days.  11th hour,  11th day 11th month 1919  treaty  signing   in  France  BUT fighting  went on in many  areas for many  years. Problem soon became was NOT the end  of  wars but  the  basis for many of  the  next. Soviet  Empire/communism, Nazism/Fascism, Ottoman Empire struggles  remains as Zionism/Palestine, and  near  total demilitarization  in ’20s-30’s led to Japan’s Empire late  30’s which Hitler  ganged along  with post  Dec 7,  1941.

Since  war   does  not  end,  celebrate   the  fallen  on Memorial Day for  all wars  but  honor  all who serve, ever, on Nov  11th seems sorta  sane,  Made  LOTS more  sense  after June ’73  when  all volunteer  force meant all wanted  to be  there.  ALL  33 years  WW2, Korea and  VietNam conscription ended.   One  day I looked  around my NATO   Nuke  Strike Base Operations  tower  and realized everyone of my  troops   could  leave some  point  and  the next  hires  would  be  because  they wanted  to .   Growing  up it  seemed  like  death and  taxes so would  it  work?  Many  new conflicts and  41  years later? It  has.

Who’s  a veteran? Federal law  says   A military veteran is “Any person who served for Any length of time in Any military service branch”. Note Any- Any- Any which is  all inclusive.  Requirement  is  to give  up “Screw  off!” civilian noninvolvement    when needed by  your  nation . Status, extra added money,   benefits  don’t  quite  make  up for  that so that’s  what  the  day honors  and  recalls. It’s  gotten better  in  my  time. I park my   Purple  Heart  or  Disabled  Vet  licensed  car  at  Target  and  some will say “Thanks  for  your  service” .  Near  50 years  late  but  welcome.   OK to hate  war  but  honor  the  service.  And  just like  the guy  who  gets it  once  a  year? Be  happy! Today’s  the  day!

Don I Philips,  Captain, USAF, Retired.

zins says:

On January 21, 2014, the Company announced that the Secretariat of Environment and Natural Resources (SEMARNAT) for the State of Sinaloa, Mexico had approved McEwen Mining’sEnvironmental Impact Statement (EIS) and Change of Land Use permit for El Gallo 2. These are the major permits required before construction can proceed.

The Company has made a temporary decision to defer the construction of El Gallo 2 due to low silver prices. The Company believes silver prices would have to equal $23-25 per ounce before the rate of return would be high enough to move forward with construction. In order to prepare for a possible construction decision later this year, the Company has been evaluating possible debt financing alternatives while advancing the construction of the ball mill, which is the longest lead time item associated with the project. The ball mill is 75% complete and expected to be delivered in Q4 2014.

Studies have now been completed in order to reduce the estimated capital expenditures associated with El Gallo 2. Approximately $20 million in savings is expected in the following areas: 1) reduction in leach tanks, 2) smaller process plant / refinery, 3) modular crushers, and 4) reduction in transformers. These changes are expected to have minimal impact on annual production. To date$10 million of the final construction cost has been spent. Provided the Company realizes on these projected savings and factoring in the funds that have been spent to date, approximately $150 million would be required in order to complete the mine.

Current resources for the complex total 893,271 ounces of gold in the measured and indicated categories and 78,480 ounces of gold in the inferred. Silver resources total 63.9 million ounces in the measured and indicated categories and 14.5 million ounces in the inferred.