I know Dent’s been hoping to say SOMETHING positive sometime but I pushed hard still to get the placer move out now. Will be cash income flow start. Few weeks past had moved up to 8 on list to be issued. So finally ripened and fell off vine.
What’s been in hand all along now has been the most valuable possible, an unusual 30 year operation permit with renewal. Before anything new tho, environmental needs to count cacti and that’s done. If you check GRC’s history they began growing stuff to replace flora while a building . So placer gets moved above but old ponds still used down by mill which remains as built, both expanded and enclosed with need. Placer was rebuilt last year but needed to move to operate higher up still from lower quartz zone near endless supply with LOTA dirt to wash out. Mill remains in place, will always use above .25 oz from any source , shafts, veins shear zone. Other than placer ( apparent the .042 oz figure on charts. ) all lower grade gets crushed and leached. Placer process use is as both fine gold AND sizeable nuggets are the product with no leach time and effort. Can pocket the cash. Mill needs blast, lift, haul, crush, mill and recover but lots more money out. Leach pads take most effort and time but completed will be pouring buttons weekly for the most product. That MC plant I know since 2004 was in a max 50X 50 area at GSPG American Flat final expansion. Not a major project. That’s the ponds and pads shaped and lined heat weld vinyl but done as you go.
Bigger and many more ponds will go in the placer area but there’s new current need to assure by Lemas that will be a barren area while he still maps the shear zone resource. Same goes for pad placement. They THINK they know but old idea of what’s there keeps changing with discovery which aint all that bad.
I’ve said the flow charts are REALLY rough to take past just time line with poor figures to work with, even the calendar hard to see practical. I assumed Sonora Resources whipped something up quick and he just went with what he had to show. They were NEVER an official bidder. I now think he’s working the original 2 entrants I still believe are Timmins and PenMont. Aurico screwed the pooch in time wasting apparently but sometimes being richest guy in Mexico gives something can drag to another desires it more. Nothin I can prove, just logic.
What I can say undoubted is he’s damn tuckered and if any had been close to right for Mexus they’d already be aboard. Not doing this all for himself as 70 mil gonna make him pretty rich. Also wants to be in charge of it all to protect the find of a lifetime for both holders and the family who are the most patient and hard working of all. Minor exception noted. All’s in? Looks like August if the next week progresses well. And that’s right on the low chart $48K. POG 1,200 , POS 18; about 15% low now. And for once I’m VERY pleased sky pie time once again!
“Build thee more stately mansions, O my soul,
As the swift seasons roll!
Leave thy low-vaulted past!
Let each new temple, nobler than the last,
Shut thee from heaven with a dome more vast,
Till thou at length art free,
Leaving thine outgrown shell by life’s unresting sea!”
O.W. Holmes Sr , Chief Justice’s dad
Ollie seemed unaware it just adds on and lives in the last built chamber as it grows for 15 years. Been around for 500 million years now and called a living fossil. Make me feel welcome aboard. 8