Post by
5ilverlining808 on Oct 06, 2014 3:59am
This cloud has a silver lining
This is my second post, (first post was pulled due to my use of expletive language, which I discovered after reading the posting rules. (So much for freedom of expletive speech).
I have been watching this post site since Dec. 2012, and abstained from joining due to possible reprisals from the powers above. Untill now.
I have worked with Sang after he was aquired by Brian to work in the Woulfe Sydney office on the Sangdong project in early 2013.
He is a very nice and approachable person, that has worked in Australia for some time, with family in South Korea and Australia.
Sang, along with other geotech, metallurgist and mining experts are, at this moment, accepting the cash / share payment option from Woulfe for a good reason i.e they know what they are sitting on, and know the potential of this project.
An earlier post questioning "why don't those that have been paid off, solely in shares for outstanding debts, have not sold", the answer is :- that we had no choice, and are bound to hold off sale for four months from issue date, late August 2014, until late Dec. 2014.
If I can, I will be holding on to my shares until the process plant is up and running and in full production. When? I don't know..
Another post questioning "Brian's vision to bulk mine and build an on site process plant to handle all grades of ore". This plan was expensive, BUT, a more viable option, which would have seen this plant up and running producing a product by now.
The new drilling tests, as you know, are to identify the sweet spots of the mines ore body and mine only that, which will result in a smaller, cheaper process plant. That is good for now, but when these sweet spots are exhausted, a larger upgraded process plant WILL eventually be required to process the rest of the ore body, and WILL be much more expensive then, than now.
Brian wanted this plant producing as soon as posible to build the company financially, and quickly move on to the next project, Muguk, and then, Ogchon, Yeonwha and Chongyang.
His vision was true / just, and we would all be tickled pink right now, looking forward to these new projects kicking off.
As I said, "this cloud has a silver lining", and I strongly believe that there is nothing but clear blue sky behind it.
Be patient, you have waited this long, don't despair,.... and an unofficial quote from an echelon member, "we WILL be very happy in the end".
5ilverlining808
Comment by
Markidesad on Oct 06, 2014 4:45am
Thanks, Silverlining for sharing your thoughts and experience. Excelent explanation about Brian's vieuws. Would be foolish to sell now.
Comment by
yyzflex on Oct 06, 2014 11:45am
Hi Silver, You work at the minesite? Do you know J.R. in the office?