RE: RE: well.... I missed you Zuckonit; your online tough guy persona, the insults, the threats... basically everything about you was missed. So a hearty welcome back to you, and now onto business.
Can you please tell me how this deal proves the Engineer Mine is economic?
Can you also let me know what false opinions I have made that I could be sued for?
In my opinion this deal tells me that BCG was unable to find financing to fire up the mine themselves (probably to the benefit of BCG's shareholders), and have decided to lease the ground to a company. I think in this situation the company that is coming in is willing to take a stab at things to see if it will work, and if it doesn't they aren't out all that much. The deal reminds me of a typical small scale placer mining deal in which a land-owner has ground but no money or expertise and the guy coming in has the tools but no property and is un-willing to pay money out of pocket to the land-owner. In my opinion the problem with placer deals of this nature is that gold can go missing and unless the landowner has someone there 24-7 he can never be sure what was actually recovered. Not sure how those worries will play out with a hard-rock deal or these particular players.