Post by
mattbigham on Feb 11, 2009 12:59pm
Essentially,the real deal is yet to come
Taheuheuto ha salready tallied into a one million ounce Au Eq polymetallic deposit now-all metals included.
That is a conservative figure as MDA are very reputable and well,conservative.
This deposit is/deposits are very rich-Taheuheuto.
When the new 43-101/RC is put out/released I believe it is reasonable to have 1.5 million oz AU Eq.
So,Taheuheyto will in all liklihood be a multi million ounce gold equivelant set of deposits.
Ralph sold 51.5% -a controlling interest-for a million bucks.
So,it makes no sense at this stage as Taheuheuto is probably worth billions of dollars.
.Mr.Zhang is a real player and substantial addition to Soho.
There was a deal done and we are not aware of it yet because you do not give away a deposit worth billions of dollars for a million bucks.
Mr. Zhang graduated in 1980 from Geological College of Hebei Province, China holding a B.Sc. in Chemical Engineering. Mr. Zhang then served as Department and General Manager for Tangshan XinGuang Ltd a developer of coal mines in the North Eastern part of China. Mr. Zhang assisted that company in evaluating coal projects as well as the oversight of project operations. In 1990, Mr. Zhang founded Tianjin LanDe Investment Co. Ltd. (“Tianjin”)involved in coal mine development, real estate development and direct equity investments in a number of domestic and foreign companies. Tianjin has established itself as one of the most recognizable investment holding companies in Tianjin City, China and holds investment interests in a number of Chinese and international publicly traded companies. It has established an excellent working relationship with a number of regional banks and investment funds. Mr. Zhang currently serves as President and CEO of the company. Soho is excited to have Mr. Zhang as a member of its Board of Directors and is looking forward to his input and assistance as Soho moves forward.