RE: News Letter CoverageAlthough this company continues to frustrate, I have to give Mr. Taylor some dues. in his report he talked about the lawsuit and was of the opinion that results from that were a long shot. His main interest in the company was for their property in Belize. He brings up some interesting points and as when dealing with Junior Venture companies in this range it is sometimes all one has to go on.
This is an excerpt from his report:
"In the chart above, you will note an abrupt plunge in the company’s share price. This has to do with the government of Serbia,
which abruptly took away the license it had previously granted to Erin Ventures to explore, develop, and mine the Piskanja
Boron Property in Serbia. The company is now addressing this misdeed in court and is seeking US$15 million in monetary
compensation for losses and certain damages. How that will come out only God knows, but obviously, a lot of shareholders
didn’t want to hold their breath and wait for the answer.
But the company does have this property in Belize known as the Ceibo Chico Gold Prospect. In a nutshell, here is what I know
about this project at this time.
· The company has the claims to mine alluvial gold from a stream on the property. This stream has values that range
from around $3 per cubic yard to $21 per cubic yard at $500 gold.
· The cost of buying and bringing in a dredge to mine this creek bed is very low and now that the rainy season is over, a
dredge is being mobilized on the property.
· Geologists believe there could be up to one million cubic yards of this alluvial gold-bearing material on the company’s
claims. If so, the company believes it could generate some significant cash flow from this gold production to be used
to further explore the property.
· Management believes it has identified the host rock for this alluvial gold. It plans to use the proceeds from the sale of
the alluvial gold mined on this property to look for the lode deposit."
----------Original Message Posted 3/29/2006----------
To me, it is a little confusing.
Not really. Generally these guys get shares in return for providing information in their newsletters. I am sure there is a disclaimer in his newsletter that he was either paid cash or shares to do the piece.