OTCQX:MRVFF - Post by User
Comment by
elduckyon Jan 11, 2003 6:48pm
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Post# 5753403
RE: Something is Biased here..Proven Ounces?
RE: Something is Biased here..Proven Ounces?Actually rockerman everyone that has read enough has seen that every point you raised has been brought up and responded to. So, in summary of everything that they said.
Of course ounces are largely indicated instead of measured, it's the prefeasability stage.
Mining costs are an issue, but the company has put forth several options: oxygen pressure to extract the gold the same as in the Nevada mines, it's a bit expensive but as you say it is refratory and this is how to remove the gold. They are also considering removing most of the orebody with a cheaper method and then shipping the sludge offsite for processing.
Most companies have subsidiaries, and a lot of them are incorporated in Bermuda for tax purposes, it's proper risk management.
I don't see why options are a red flag, everyone has outstanding options.
The article was actually produced and then the author came to them asking if they would cover extra printing costs. Good promotion or shady dealings, it's up to you. They paid nothing for the Dines letter though.
I'm surprised you didn't bother to mention the road or the power as batman did (capecrusader if you don't understand that). The road was approved in the november vote, I'm not sure when it's being build, but there will be a permanent road build by the state to replace the ice road. As for power, they will probably have to build a plant on site.
As I see it the issues that have unanswered questions are power, extraction, and the role of majors. There is a difference between raising legitimate concerns and senseless bashing that is not based on fact.
I hope we get bough out soon, I want money to buy a few thousand ounces of silver.
All IMHO of course.