gitreal
11時間前
You are correct; there will be no buyers of the Bonanza at $10 million. If you had read the Micon report, you'd know that they never said the property had $10 million in mineral value. Micon knows better than to say something so stupid, but of course, AABB was quick to say it along with the usual pumpers and promoters.
The SEC does not even allow valuations of in-ground mineralization, you will never see a legit miner say something as unethical (and possibly illegal if they are an SEC-registrant) like that.
If it takes $11 million to mine $10 million in minerals, the mineral value of the concession is actually negative. That's why companies do feasibility studies.
condor1
12時間前
That statement is not very logical. A mineral rights lease has a long life, and there is mutuality to terminate the lease. The landowner can buy back the lease. But, I would expect that there will be no buyers, if the land produces only $10 million, less drilling and extraction costs and labor, and taxes etc
gitreal
1日前
Shock me by posting the Micon report. I read it, but that is not my point.
I don't think you read the Micon report. I think you're lying because you didn't know how to download it off the AABB website. Remember, your grandkid is a good resource for you in all things high tech. Buy them a new video game in return for their help.
Anyway, did you catch these facts from the report?
1) The drilling they did was in violation of some kind of permit, or lack of permits. They were shut down mid-drill hole.
2) They didn't bother with the normal QAQC protocol that professional junior explorers always do (if they want to be taken seriously).
3) They didn't bother having a professional geologist with direct on-site supervision of the drilling.
4) They didn't do any geophysics.
5) They apparently pissed off the locals somehow. That doesn't bode well for future work out there.
6) The land title is in question, some funny business apparently going on.
7) The gold value of the Bonanza Mine is insignificant. It is a silver mine, but a very small one. The tonnage is barely over 100,000 tons, at a cutoff of 3 oz/ton silver.
And now, AABB is supposedly selling the Bonanza. More likely they defaulted on the terms of their lease, and have been booted off the property by the concession owner. Oh well, it sold a bunch of shares for them, it was worth the money spent.
condor1
1日前
Real, then post the Micon report, if for no other reason than posting some actual independent DD, something you never do. Shock me by posting the Micon report. I read it, but that is not my point. Post the dam Micon report and shock us, by that DD posting. Otherwise it is the same old Real, never ever posting actual DD from an independent source.
gitreal
1日前
Sorry, I squinted, I stared, I sprinkled lemon juice on my screen and heated it with a hair dryer, used my decoder ring, and nothing works.....I just don't see where I said anything about April 1st. Give me a hint where it is.
Or admit you're a liar, and apologize.
VanLoot
1日前
“gitreal
Member Level
Re: condor1 post# 111763
Thursday, 01/16/2025 1:45:58 PM
Wow, Condor, you either didn't read my post or you have trouble with comprehension. I asked if you had read the Micon report, or the two Terreros reports, or figured out how Google Earth works. By your response, I assume the answer is no.
“You deserve what is coming in the next few months....more delays, and hundreds of millions of new shares. That's what's coming. Enjoy!”
You deserve what’s coming! Yep. You’re toast buddy!
gitreal
2日前
Wow, Condor, you either didn't read my post or you have trouble with comprehension. I asked if you had read the Micon report, or the two Terreros reports, or figured out how Google Earth works. By your response, I assume the answer is no.
You deserve what is coming in the next few months....more delays, and hundreds of millions of new shares. That's what's coming. Enjoy!
condor1
2日前
Whatttt? Is this yet another deflection that Real never,ever, never posts /provides any of his own DD /independent evidentiary proof of anything? Yes, it is undeniably true and accurate fact, and Real has never denied it. He does what he has always done... to deflect and re-direct the topic elsewhere, ie look at me, look at AABB, look at crgp and srge. But never at Real.
again and again deflect and no actual credibility. Just unsupported finger pointing elsewhere.