At the point  where   use permits needed  reissued  placer  was  shut  down and  repaired  for a move to  a planned  leach pad  level. It meant   no cash was being  produced at all  and   momentum began for  a  valid JV offer  if  recall the  2  time lines  for slow and fast  development.  Took until just now to see  was none offered worth taking  so now  the move  is to use the  exact same  disturbance usage allowed as the old placer and mill with a  270 shift  to  down hill from right to left. Also took optnty  to  rebuild  much larger  ponds  with same usage  replacing  what  were  the small available  stock tanks there in  2011  Rancho move  in.  Now  ponds  are  near done ( I’ve  not been told lined but  forgot to ask tho very  quick to do) last piece  the new  wash screen  on Tuesday delivery if  the old  load hopper and sizing   in place is simply  a matter of loading the  quartz stock  zone  material .  That done  be  about a 10 day shift  to process the  output  and see how they will do more than  doubled  through put. It  took a  realatively small cash  and loan placement but sized   pretty  large  due the PPS.  Appreciate the pretty decent  question. Most  things you  find actually have  a  good reason  why.

Was  now driving  to S Cal to check out  equip sales yards  before  back to small JV  AZ  meetings  before  heading  down  and  clearing  a trailer held at  customs.  AZ screen arrives  Tue and was the ONLY missing placer part. Large container  turned out to be  for me to complete  my  N Sea  Gold  buy in  for self.  Julio has been back to Mex City on  the blast permit and expedites  as much as  they can.  Are  using  serious help on that.  Best news is very appreciative of  last week’s strong  support so before ANY more  shares  sold he  waits on  the Tucson meeting  which if  agreed to solves Immediate   shaft  development  cost and  qualified miners.  Is  driving  down parts  for  equipment in repair  at  Rancho.  In all out of the lack of a  qualified  JV partner plan is  set to go placer,shaft, veins  and plan the open pit and pads . He simply can not comment on  the San Felix  as exactly as the  Louts have nasty  things  to input  reading here? So do the  actual name known enemies who KNOW what is happening and  want to prevent it. Seems to connect  the  2 groups, EH?  Radical terrorist  by any name.  Want  to slit  our throat and call it freedom of speech on line. Sob story   sis and mom starving in the street  just  shouldna  hadanta oughtana  had been here.  PR perhaps  week 10 days to an update but if  small JV? I’d expect quick news.

Like to tell the jokers the Cessna is HIS bill and is  being  completed  his cost  but  it gains  us DAYs of his  time  at the gas expense exactly  as  pick up truck today and  tomorrow on business EVERY good miner  I know would love to be able  to pilot self. And I know NONE others.  Weep in yo beers at  zero Mexus  expense.  8

Old  wag’s  saying  (  wit, joker)

Sailors take  warnng.

“The “January Barometer” is a popular stock market indicator devised by Yale Hirsch in 1972, editor-at-large of the Stock Trader’s Almanac.

The premise is simple. As the S&P 500 goes in January, so goes the year.

If the S&P 500 is up at the end up January that foretells of a bullish year for stocks, and on the flip side if the S&P 500 is down at the end of January that warns of bearish year in stocks.

Let’s look at the numbers as January comes to an end:

• The S&P closed out January down 3%,
• nearby Comex gold futures gained 8% year-to-date.

A pullback, correction or bear market in stocks could send more investors into the safety of gold. Stay tuned. The year is just getting started. “

http://www.kitco.com/ind/Brecht/2015-01-30-January-Barometer-Flashes-Red-Stock-Market-Warning-Signal.html

“Got  him with great  reception  and sure enough driving back  to Sacramento after  10 days.  He  and  Dent  will do update.  Placer will be  running, probably  next  week with tests  and  he and  Julio finished  the blast  permit for submission”. Jan 15

Mexico weapons  code calls  for   reply  in 50 days.  Location   can be  determined   after  application before military inspects  for  an OK. Means  14 days  passed, 36 to reply.  Rest of  90 assumed   in  issuance and  rcpt.  So  is   Apr 15 after  Mar 27 pay off can all come  together with cash and blast. Hope is ASAP but is Mexico and can be much faster or really slowed. Importance is we know the plan. Placer for cash to begin own mining. A small JV is obvious assist but as organizational ease of logistics flow in and out and underground experience mine administration can rely on. I say I expect 25% buys a whole lot more as assist or he’ll not be taking the offer. Gets back to the slow and fast option but on shaft alone. Now only real need to know if to expect the cash March 24th as contracted!

Now  aware  placer assembly still  needed   3 items not  a need to pay  for until assembly.  One  screen in AZ essential in the  wash line in transport today.  2nd  item large container  not  certain use, possibly  ore  storage  would be  prior  to wash unless for  wash recovery  black sand so very  essential.  I did  not  see it  as  such a vital  but told  funding priority, “we NEED the  screen first.   3rd item a  2nd  screen  ready  in  Sacramento.  Production  begins  without I was told so took the  AZ first  buy.  I’ll speak with him on the process  steps but  he’s plenty  on his  to do’s.  I was simple  speaking  with Debbie setting   the  buys quickly. 8

Got  my  rct today from Unified  Screening and  Crushing . $1524 and  $266 ship. Is in  Gilbert  AZ above Williams and  should  go quick I-10   W or  E  to border  via  Gila  Bend , Ajo or  Tucson  on  Mex  15 . Seems  a  fine  deal   as  bit  more than  1 oz and pay self  1st run with  the  last list rest  stuff taken  Tue. .  My 1st  assign  post  Lackland  Officers  Training  School after  Basic was as  shiny gold  bar  shave tail   to Williams  AFB  now Phoenix  Mesa  Gateway and  Az  St  U campus. ‘ 62 were only  2  small bridges across  the  Salt and  if  in  flood be  stuck in  town.  1 W town  down to Baseline  and  one  E at Mesa.  Grown some  since . Good o’night spot  was  Camelback Inn  lobby  after  lounge  close.

One of the  truly  dumbest  thing  the  Louts   don’t  realize is  lack of  degrees  hung  don’t  make  the sharp brain.  Paul’s  about  the  sharpest I come  up against was my  first  reaction Feb ’12.  Just like  the  life  experience  “that’s  gout”, he’ll sit and  whomp up a  needed  device  probably  using  20% the  cost  used  scraps he kept  track of. Reason  for my  EdD begun on  active  duty  still  was to increase my  hire on   later as  a college  administrator.  Lost  an important part in ’80, my  right ear and along  with   severe decade  old   back problems said  hell with it quit  while  ahead and  grow  and  smell the roses.  But  were I to hire on a practical mechanics  instructor could  relate  well to  college  students?  He’d   be a  good  choice 1st in line.  As it happed, best I could manage  to finance  his  mine and let you all relate instead. Make new  friends but keep the old. One’s silver other’s gold.  Grab  all either  a good friend  can make!

Usually wise to observe the  medieval rabbit  stew  recipe begins “First  catch your hare  and  cook him”. Looking  to  be in gold mining  for profit  try  to locate  about  1 million  oz  on compact  25 sq KM property before  you  start doing  about anything  at all.  Hard metal will never  arrive  by  fuzzy  thinking. Have  to assume some  infant  skulls never  joined  up . I recall fondly  as a happy  time and  could  consider them  in team sports one  day! 8

No 1st  Rx  ever  for  grabby  grippe  since  PT diagnosed  late ’12.  Popped all 6 1st  day dosage  at once and  some  relief now using  heel off  arch where all the  needles  connect  up.  Pretty  sure  “rich old man’s”  disease  be seen by blood work now.  Dr has  taken  away Motrin nsaid  Rx  forever and the  affect  of  Tylenol is  not   on inflammation  but  raises  the  temp threshold with  it  still underneath all. Need  too damn much codine  on pain to work  on  anything  very well. So becomes   sleep  it off. while another med kicks in like  steroid on  the inflamed area.

Home  cure  is  usually  cherries and  juice . Never had  blood  taken  during  a  bout  but  was  diagnosed by  Dr  Thompson with sharp  needles  in  foot  sole  one  Caborca  trip. Julio went to a near  pharmacia  and  got  NSAID meds  instead of my MD’s  hydrocodone. Better  anti inflammatory  than Tylenol portion and  it  worked.  Had bad  stabbing  swollen  R foot waking Monday. Much worse   and  not walking Tue  so called  for  emergency  apt  at Well Med  10 AM today. “Get  here  by  11 to see PA”  so got  carried  out by  kids.   PA agreed  Dr Thompson prolly correct  and  gave steroid  tabs  6  day treat.  Out  by  noon home   zonked on  codene.  Tom got  down Dorly’s  red  racer 4WD  seat  scooter  from  hip surgery   in ’12 and  can put  right  ft up and  drag along.  Remember a  wonder  back then when she   was  good  after   6 wk  rehab when’d be me  pushing  along.  Today! Hurrah!  So Georgous George   got me in a  toe lock with his  teeth! Must  of  the  gushy  loverly  foods on  the  high purine list and  red  wine’s  about  the  worst.  OK so its  white  wine  and  vodka cherry juice .  Bringing  the  fresh cherries  and  juice  bottle  home she  has  a pack of  giant 1 1/2″ T-bones  sale @ $ 5.49.  So just  wait  until  pain’s  cut in half  to tackle  one as  can’t  go out  and  grill anyways!   AND a  good  red!  Life is compromises with reality. 8

“The Ponzi scheme generates returns for older investors by acquiring new investors. This scam actually yields the promised returns to earlier investors, as long …”

Speaking as  an even older  guy  with a  pretty  decent  resume  I’m warmed at  gut level to have  such an avid  list  of  readers quote me  freely. A truly  wise person though would  see  some tad  rub off  but  too much to expect;   like  sharpest  old  razor  out  the  trash.  Might  note  the   next  items  of need  for  placer running spoken for  by  6PM and  got  a  good PPS when the Ponzi pays  out  after  the  year. But  that  demands    the  mine  ( really  sales  of  intl stamps )  Charles Ponzi never  built  to actually  work. Any see their  problem’s  cusp? ( Helps to also know a  bit of  dentistry and  cosmology).  May  occur on  the   finals test . Sound of one  foot  stamping. 8

http://arxiv.org/abs/0910.3538

http://www.ncbi.nlm.nih.gov/pubmed/1062601

Shouldna  oughta be  here.  Chase  a  dream is  just  the spot!  So in order to  start placer now  it CAN be  moved in place  need  is 1st  a  new  wash screen  sits in  AZ  I just  bought.  Be there by  Friday.  Never  a need  to spend  the  money until it had  a place which now  sits below  the orange  frame work.   Where  rubber  hits El  camino folks!

Wed. 28th Jan

All placer  needs  now met. Can be in place next  week for assembly  and  testing.

So who’s  dumb enough to think Fresnillo was doing more due  diligence  than sampling  and  examining  our  surveys and  cores  in just  4 weeks with  2  weeks  holiday off?  If  they wanted  to  bring in a drill would  first need  an acceptable offer and it  wasn’t .   Least IMO  they  blew one!

Fresnillo Beats 2014 FY Silver Guidance; Gold Production Lower

Wednesday January 27, 2015 8:53 AM

http://www.kitco.com/news/2015-01-28/KitcoNews-kitco-mining-minutes-Jan-28-2015.html

Jan 11th  posting here.

“He  did explain the   best back up  in Tucson would be  for  a much smaller partner  in the  shaft  mining alone which would  produce  own funds  to do it all if that’s  his  decision on the offer.   He  does  say compared to what was being  offered  the family before  Mexus  it’s been an enormous  amount more so decision  is  it enough for  what he offers them?

Obviously  it was not!  So what  would  you imagine  a person  turned  down Fresnillo  as insufficient expects to get for  a net smelter share   25% in a  really high grade shaft? And   we   use  our  mining  and recovery equipment?  My guess about  35% to 40%  added value  to the operation. We can expect  a  good  well known name on a JV,  long past experience providing hard rock underground licensed operators  blast  qualified and  net  work of supply and sales  established in the  area S. AZ/  N. Mexico. Sound  about  right?  Mick Dundee’d  say, “NOW tha’s a knife!” 8

Getting  a  bit uber smartz  but Not  false Mexus,  just Nietzsche’s Twilight of the Idols  quote ”  What does not kill me, makes me stronger. “ Message  sent  to 53  of  interest

U kiddin on held under  .03?  Been “no news”  for  a month. PR info has all been out  some time here  and msg bds .  Needed  Fresnillo final bid  to reject   but handwriting showed  placer  restart need. Can say just be  expense for operators  running  big  stuff  and time  to relocate proper  once and  forever . Some  extra equipment  was  bought to expand   double so that’s   now  just  the time to get  assembled. Will for certain  see  wash begin in  Feb needing but  dirt and water. MILES of  dirt! Ponds  are  water   Blast  permit  is   rqd to  respond  in  50 day of filing so will know  that  sooner  than  3 months and we’re into March  and  whazzup with  San Felix  $4 mil due? At  worst  we  sell our  1/2 again  while making  shaft  2 oz  ton.  So… where’s  the  problem .  All  in frappin details and  time  time  time.

One thing  we do know? Dealing  with a  CEO with  guts! More important than mine  so I echo his  comments.  Worst  case is a  resale  AND the lost

“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’d  cut  them SOME slack  but at a GREAT price. 8

 January 26, 2015 11:14 AM, Michael wrote

Thanks forthe info Don.  Do you think with this news that shares will remain in the sub $.03 range?  Do you think that Paul will have any problems hitting the early production #’s (5-6 oz/day at cost of $950), and also being at full production within 30 days?  If he can even come close to this, the full production speculation of 2 oz/ton at 25 tons/day (with a cost of only $1,600), is pretty amazing.  Of course the question is does he have the cash flow to make all of this happen.  I’m seriously considering purchasing some additional shares while it is so low.  I would appreciate any and all thoughts you have.  I’m sure you may cover all of this on your blog, but just had to ask.

On Monday, January 26, 2015 11:45 AM, “aqua-fx:
What is your gut feeling on getting the 4 million?

8th Aero in the blog with the blunderbuss.  Best let them load  their own. 8

Perhaps which dog  didn’t  bark! Simply no need for any hassle involved.  Venting has a use but wandering back and forth across  the minefield seems pointless. What’s  gong to happen will happen so needs no assist. Pom poms and  a  cheer section has no more affect than  a protest  march. Sure no more need to announce I’m all in and will remain. Easiest  to see the  buy  opportunity far exceeds any profit  takes so long  as  it remains  a viable project, and  that has never changed, the  choice is either  strong buy  or  simply hold. 8

“Good enough for me. Way too much amateur sleuthing about the identity of the partner on IHub, bad episode of “Sherlock Holmes: The Tucson Valley Mystery”. Said Dr. Watson: ” Holmes, so what about the identity of the missing mining partner?” Said Holmes: ” Why are you even worried, its elemental my dear Watson”.

Rapier50     Submitted on 2015/01/22 at 3:54 am