Hey check this out. I went through his previous posts because I remembered him posting that teh property had good potential. Now he says otherwise.... CAUGHT... lol. Check this out...

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Posted by: downsideup Member Level Date: Wednesday, August 12, 2009 8:49:22 PM


"What impressed me most about the trek across the hill was that it seems there is a LOT more rock that is probably useful ore laying about than I had thought there would be. Read the references, and you'll see that back then they basically found anything less than 2 ounces per ton equivalent as useless... and tried to avoid taking that grade of material out of the mines in the first place, and tended to dispose of it rather than mill it when they did. They high-graded the efforts, both because of the limits of their ability, and because of the limits of their technology. The mining area never did have the sort of mine consolidation take place that is more typical for mining regions that survived to later periods.

You can pretty easily see the differences between piles that are just rock, never milled, and the stuff that is left over from prior processing, that is composed of some rocks and a lot of rock ground up to the consistency of course sand.

We learned a lot more about the history from the locals at the hotel after the trek. At the peak of activity, there were something like 250 mines active at the same time. Few of those probably ever became much more than an effort in scratching at the surface... and, the surface stuff and near surface stuff was fabulously rich. What is left, by todays standards, is still fabulously rich. "

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Posted by: downsideup Member Level Date: Friday, August 28, 2009 7:35:17 PM
In reply to: downsideup who wrote msg# 3828 Post # of 8154 Send a link via email

My bottom line...

"A spectacular potential in the property, which should include a self funding mechanism... ."


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"I agree the resource and the potential is real, and there likely is something very close to the predicted values available in the rocks. "

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41726509 Posted by: downsideup Member Level Date: Monday, September 21, 2009 9:31:20 PM
In reply to: sluice who wrote msg# 3984 Post # of 8154

"A big part of my initial interest here... from years ago, already, back to 2006/2007... was driven by the availability of the tailings... because the tailings SHOULD make it possible to get into production rapidly without massive dilution... and then that SHOULD allow use of that quick and easy source of ore as a benefit to leverage prior investment"

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Posted by: downsideup Member Level Date: Saturday, August 29, 2009 8:57:11 PM

"The story of what the site has in potential is interesting."


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Posted by: downsideup Member Level Date: Friday, August 28, 2009 12:05:57 AM

The water being there is good, but only in the sense and in the context that it has been the problem others couldn't solve that is the primary reason the mines have never had modern methods applied. If the water weren't there, there wouldn't be an opportunity, but it is there, and it is a problem that it is there. Prior efforts by others have failed in getting that problem figured out... or failed in funding the effort to a level that enabled making it happen.

Most similar properties out west were mined again after the financial panics around the mid to late 1800's, up to the point where WWI, or WWII, pulled the men and stripped materials out of the mines. The water means there is likely still a resource there that is well worth having...