RE:RE:Heliostar Samples 1,428 g/t AgEq/1.2 Metres, Expands 1,100%HI Unga,
I am not an expert on Mexican silver mining but was invested in a 4 cent usd miner in Mexico which finally went to 15 cents--then back to 4 and now--5 years later is near 12 cents usd last time I looked. I sold it at near 4 cents as it went back to square one, so missed on that one.
I bring this up as I know some miners down there have silver at 2400+ g/t aueq. and I believe that's the very high side, from what I remember from that time period I invested in that Mexican miner---please do your own research on this as this is only my memory as I am not persuing silver investment opportunities now and I don't have much top-of-mind. The main reason I bring this up Unga is to compare the Mexican g/t's and 1,000% increase to the time period when Ball was Redstar's CEO and increased UNGA to double the size while getting very, very low g/t gold--and our stock share price went down and stayed down.
I could get into the Ball sold out Redstar as he was setting up the Nevada property to become his baby while using Jacque's Redstar as his springboard. I'm not going to comment on this opinon with anyone on this board so please refrain with any questions on this folks. Thanks.
But it is important to understand that Ball's mindset was COUNTER to Funks and Funk has now, by the type of drilling seperation distances on UNGA and the other 3, and by--and this is the most important thought here--maintaining Mexico as it should be---an very, very early exploration resource whereby making the 1400+ g.t aueq, is near stellar and the size increase is solid to say the least--while making sure UNGA is the exploration property near getting to development.
That being said, in previous interview/videos with Funk which this board has all had access to over the past months--I'm not sure which videos & I'm not going to find them and copy and paste them now, so I have to be vague here as to what video stated what was said--Funk has stated he is looking, not for high g/t in Mexico now so much as he is the increase in size. So to see 300+ to 1400+ g/t is really substantial and to see him get the increase in size of the veins is a beautiful thing and proved this guy knows his geological business---and he understands the Mexican geology/history quite well.
Also in one of Funk's interview/videos he stated the first names of the owners/CEO's of nearby companies to Heliostars' Mexican properties--and investors in other Mexican silver mines, who are are folks Funk has developed relationships with over his tenure in Mexico. Now this is only my opiinion but from those statements he made I added those comments in my personal Heliostar investment log, that to my number one reason to invest in any juniors which is MANAGEMENT. To me this brings tremendous value as this allows UNGA funding, based on expected solid SH-1, Apollo, and Auila reports this July through September, to gain a larger investment pool--not only from fund managers, Sprott, etc. but also from the Mexican invested bigshots. Ergo those experienced and larger silver miners in Mexico that Funk knows on a personal level can become resources to help the UNGA project either by buying out the Mexican properites or any other of the many types of partnering possibilities. I.E. my main focus is to keep the driling going at the Alaska islands and so keeping the money banked in the corporation WITHOUT taking on any debt. The 15/1 RS is starting to look very acceptable right now--which is an amazing thing to say as most junior gold miner's RS's never work out--but those that do---oh yah baby!!!!!!
So to conclude, I only have my Redstar investment in a solid mode--not a profitable one yet--because of MANAGEMENT. I firmly believe it is Jacque's relationship with E. Sprott that has kept this ship afloat until Funk's team became the partnering relationship both Eric and Jacues were hoping to get in bed with. Now Sprott came in with $3 million usd which brought Redstar from 6,5-7,4 cents usd to 9 cents usd which held for some time. This was all based on UNGA's potential and not a relationship with an old friend in the business. It was a beautiful thing at the time as I was only in at near 3-4 cents usd at that time. But as Ball butchered Redstar Sprott could have fled at any time and I personally believe he was close to dumping. But jacques V. stayed strong and kept the faith of the original Redar allstar CEO who regrettably died.
So during this time it was the geologist expert working with Jim Rickard's investment group that sold his investors on Redstar's coming increases--just as Ball started out as the new CEO--and many-MANY folks took the advice from Rickard's investment group and bought chunks of $10,000 usd blocks of Redstar shares. This is what--IN MY OPINION- brought Redstars stock price from the 9 cents bottom created by Spott's purchase to over 12 cents usd a share--before it started it's fall. So those $10.000 usd investments dumped and we all know the rest of the story----until the 15/1 reverse split. The timing of the Rickards geologist advice to buy Redstar and the increase from 9 to 12 cents a share was UNDENIABLE in my opinion.
As far as the 3.5 million Canadian which is not shown as the cash asset, I expected this to be near 7-8 million canadian after the warrant investment recently. Maybe this is the number based on the company's spending for the 2 RC drills and 1 diamond drill over the next quarter which brings that 3.5 million Canadian as the cash asset as of October 1, 2021. I hope this is what that number represents anyway.