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Post by sunbeam777 on Jul 15, 2011 21:06:13 GMT -5
Potential mine has in excess of $8 billion in diamonds BY CASSANDRA KYLE, THE STARPHOENIX JULY 15, 2011 An estimated $8.3 billion US in diamonds at the Star-Orion South project near Prince Albert is enough for Shore Gold Inc. to say it’s worth the cost to build a mine at the site. Results of a feasibility study indicate it’s economically feasible to dig up diamond-bearing kimberlites, sort through the ore and process the most precious of gemstones in Saskatchewan’s Fort a la Corne forest. “The robust economics confirm that a world class diamond mine is feasible in central Saskatchewan,” stated Shore Gold’s president and CEO Kenneth MacNeill in a news release on Thursday. No one from the company was made available to speak to The StarPhoenix. The study indicates some 34.4 million carats are located within the Star-Orion South project, with each worth an average price of $242 US. Also increasing the site’s economic strength is its proximity to highways, railroads, power, water and labour. The project is located about 60 kilometres east of Prince Albert. Such an operation — which would be the province’s first diamond mine —would incur $1.9 billion US in pre-production costs. Over the estimated 20-year life of the mine, total capital costs would be in the neighbourhood of $2.5 billion. The study puts the project’s net present value at $2.1 billion US. While Saskatoon-based Shore Gold has not made a decision to take the project from its current state and bring it into production, it did say Thursday that construction could start in the third quarter of 2012 and operations could begin in early 2017 and run through 2036. Bringing Star-Orion South into production would employ hundreds of people during the five-year construction phase and employ 500 people continuously over the mine’s 20-year lifespan, which may be extended depending on the size and economic feasibility of other diamond deposits in the area. “The combined (feasibility study) shows that the Star and Orion South Kimberlites can be economically developed as a world class diamond mine,” said George Reed, the company’s senior vice-president of exploration and development. Should the project go ahead, the ore would be mined out of two open pits and processed at one central plant. Provincial Energy and Resources Minister Bill Boyd said Shore Gold’s announcement about the economic feasibility of the mine is “great news for Saskatchewan.” Boyd expects the project will draw more investment to the province. “We have world-class resources in our province and this is just another example of a company that is planning on moving forward — in this case with a very, very productive diamond mine,” he said. Declaring the project to be economically feasible is a clear sign the company wants to advance the project, the minister said, adding he would like Star-Orion South to proceed to the production phase as well. “I think this announcement is a pretty clear indication that they are very optimistic about moving forward,” Boyd said. Shore Gold submitted its Environmental Impact Statement (EIS.) to the provincial and federal governments in December 2010. The company is currently responding to technical comments left by regulators on the EIS. When the regulators are satisfied with the firm’s responses, the public will be allowed to comment on the document. The company is also required to obtain permits from the provincial and federal governments for further development at Star-Orion South. It has all necessary approvals for its current work at the site. Additionally, it says it has been working with the communities in the vicinity of the project site since 2007 to address potential impacts and opportunities a diamond mine would bring to the region. The Star-Orion South project includes the Star Diamond project, which is 100-per-cent owned by Shore Gold, as well as the Star West and Orion South kimberlites, which are part of the Fort a la Corne Joint Venture with Newmont Mining Corp. of Canada Ltd. Shore Gold owns 66 per cent of the joint venture with Newmont holding the remaining 34 per cent. Shore Gold’s shares on the Toronto Stock Exchange (TSX: SGF) closed at 76 cents, up six cents, or 8.57 per cent, over its closing share price on Wednesday. ckyle@thestarphoenix.com Read more: www.thestarphoenix.com/business/Potential+mine+excess+billion+diamonds/5105097/story.html#ixzz1SEJ14gpjwww.thestarphoenix.com/business/Potentialmineexcesstrilliondiamonds/5105097/story.html
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Post by marbearcat on Jul 15, 2011 21:38:21 GMT -5
News about others fortunate events like this kinda angers me a bit.
=^ .". ^=
Well, I do have green eyes.
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Post by sunbeam777 on Jul 16, 2011 13:49:40 GMT -5
News about others fortunate events like this kinda angers me a bit. =^ .". ^= Well, I do have green eyes. By: gusjarvis 16 Jul 2011, 11:04 AM EDT Well we got wyatted again, got to love getting f'd in the a on a weekly basis by the team. June 30th is over and we are in complete purgatory again. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=1028077What a joke our company is, I mean the whole company and all involved in this ridiculous operation that won't end. Being stuck in a never ending Nevada/camper/poof update is beyond old. I remember hearing we were in control in Nov, so save that bullchit as well. We have been forced to fend for ourselves folks, time to do that!
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Post by portrush on Jul 16, 2011 15:33:08 GMT -5
News about others fortunate events like this kinda angers me a bit. =^ .". ^= Well, I do have green eyes. By: gusjarvis 16 Jul 2011, 11:04 AM EDT Well we got wyatted again, got to love getting f'd in the a on a weekly basis by the team. June 30th is over and we are in complete purgatory again. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=1028077What a joke our company is, I mean the whole company and all involved in this ridiculous operation that won't end. Being stuck in a never ending Nevada/camper/poof update is beyond old. I remember hearing we were in control in Nov, so save that bullchit as well. We have been forced to fend for ourselves folks, time to do that! Unfortunately, gusjarvis has proven himself classless. No need to listen, its irrelevant. As for the company, perhaps its time folks stop and take a closer look. The company appears to have never done a day's worth of actual business apart from possibly selling some claims. Since its revocation, Tyler busied itself with what they said they would...cleaning up its books from what was stated as a literal mess. They accomplished this and stated completion quite some time ago. The old TA was jettisoned and for a while we had none as apparently it wasn't necessary. Now, we have a new TA--a credible company by all counts--presumably poised to act upon the company's command. Why have a TA (and the associated expenses) if you're closing shop? In today's business environment a company with no AR yet ladened with AP (Frizzell, Lowden, the TA, and other fixed expenses) simply wouldn't survive much beyond its liquid assets, which in CMKM's case wasn't a decent car payment. Yet this company breathes nearly 6 years from revocation..hard to imagine if there was no reason or value in doing so. This company isn't dead, it simply isn't public yet. Your investment isn't lost, it simply isn't valued yet. pr
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Post by briwadd on Jul 16, 2011 15:36:35 GMT -5
By: gusjarvis 16 Jul 2011, 11:04 AM EDT Well we got wyatted again, got to love getting f'd in the a on a weekly basis by the team. June 30th is over and we are in complete purgatory again. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=1028077What a joke our company is, I mean the whole company and all involved in this ridiculous operation that won't end. Being stuck in a never ending Nevada/camper/poof update is beyond old. I remember hearing we were in control in Nov, so save that bullchit as well. We have been forced to fend for ourselves folks, time to do that! Unfortunately, gusjarvis has proven himself classless. No need to listen, its irrelevant. As for the company, perhaps its time folks stop and take a closer look. The company appears to have never done a day's worth of actual business apart from possibly selling some claims. Since its revocation, Tyler busied itself with what they said they would...cleaning up its books from what was stated as a literal mess. They accomplished this and stated completion quite some time ago. The old TA was jettisoned and for a while we had none as apparently it wasn't necessary. Now, we have a new TA--a credible company by all counts--presumably poised to act upon the company's command. Why have a TA (and the associated expenses) if you're closing shop? In today's business environment a company with no AR yet ladened with AP (Frizzell, Lowden, the TA, and other fixed expenses) simply wouldn't survive much beyond its liquid assets, which in CMKM's case wasn't a decent car payment. Yet this company breathes nearly 6 years from revocation..hard to imagine if there was no reason or value in doing so. This company isn't dead, it simply isn't public yet. Your investment isn't lost, it simply isn't valued yet. pr THE COMPANY should be pursuing those responsible for the largest naked short in the history of the stock market......particularly now that a precedent has been set by the shareholders of Taser..
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Post by marbearcat on Jul 17, 2011 7:07:20 GMT -5
Maybe THE COMPANY already has struck a deal with the shorters and or sec and shareholders are not part of it?
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Post by skoondog on Jul 17, 2011 9:10:07 GMT -5
If CMKX is suppose to be a company that does have plans for it future and it's shareholder's. When will they start acting like they are a company? For many years now, it has been a ton of lies to the shareholder. We all know, there is wrong doing. And court cases that seem like they will just never end. But we all know that all things do come to an end. If we are now to the end, of this long crazy train ride. I believe it's time to let the shareholder's in on what is the future of this company, lets fill us in on it. We deserve to know because we are the one's who have rode this train for now 8 plus years. All we want is the truth on why, this stock play of a life time still has a heart beat? without no money for all the wrong doing to it's shareholder's? Have a great day folks.....
Skoondog
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Post by marbearcat on Jul 17, 2011 9:14:37 GMT -5
Skoon, maybe we are not at the end, maybe we aren't even at the middle of this MONSTROSITY?
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Post by gjfromfla on Jul 17, 2011 11:49:37 GMT -5
It feels like the PLAY of a Lifetime versus the stockplay. Where is Bob H. Or Brockley that can tell us what is truly going on? Any can provide some information would be greatly appreciated.
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Post by victorious on Jul 18, 2011 13:04:37 GMT -5
God bless you portrush. IMO when this company goes public it wont be for our profit but for the enrichment for those currently employed. IMO we the shareholders are part of the means to thier end not our over extended fantasy land ROI (per Atty Hodges). I say fantasy land cause of the WGS psots etc. You know it would be over by now except for the Hodges updates? Any truth to those or spin IYO? And if you (and others) so disrespectfully ask why Im here? Cause I PAID FOR IT! Ever share and IMO have a right to be here, say what I want and pursue this to the end. I want the ROI now, then the truth. This was said with a smile on my face. No insult is intented towards anyone just an honest to goodness discussion and disire for conclusion. Looking forward to your response since you speak with Hodges and so many of our "leaders".
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Post by portrush on Jul 18, 2011 16:43:23 GMT -5
God bless you portrush. IMO when this company goes public it wont be for our profit but for the enrichment for those currently employed. IMO we the shareholders are part of the means to their end not our over extended fantasy land ROI (per Atty Hodges). I say fantasy land cause of the WGS psots etc. You know it would be over by now except for the Hodges updates? Any truth to those or spin IYO? And if you (and others) so disrespectfully ask why Im here? Cause I PAID FOR IT! Ever share and IMO have a right to be here, say what I want and pursue this to the end. I want the ROI now, then the truth. This was said with a smile on my face. No insult is intented towards anyone just an honest to goodness discussion and disire for conclusion. Looking forward to your response since you speak with Hodges and so many of our "leaders". Well God bless you too, victorious. If it weren't for Him, I know I would be in worse shape...so I am thankful and appreciate your word of blessing. I will take it, and send one along in return to you. As for your questions: You know it would be over by now except for the Hodges updates? I don't know...that doesn't seem logical to me. His updates are his take on what is happening from his perspective perhaps or some kind of message to people I don't know, and can only hazard a guess as to why. Emphasis on hazard. I don't seem to recall that Hodges is directing this adventure--but people think he is. Frankly, I don't know who is. But I do know the company plays a pivotal role because that's the stock we all bought and where our financial stake lays at the moment. And I do have questions about the company...several. Like why release West and keep Lowden? Seems Kevin had a better handle on the NSS issue and perhaps the claims as well...he was there longer and more involved since the early days. Weird to me. Hodges has always commented on a bigger picture...the sting is what the Bivens seems to be about. That's a pretty big issue and many shareholders don't seem to embrace it, based on comments we've read over the last couple of years. But I do...I think there is credence. That said, if there was a bona-fide sting then I personally don't expect anyone (not Maheu, not Hodges, not Tyler, not Majcher, not the SEC, not the DOJ) ...will step up and tell us how it all went down. I don't think the Trust, the Trustee nor those that paid will ever be public. I think when push comes to shove, it all comes under the umbrella of the company some way, some how, some day soon I hope. Any truth to those or spin IYO?I truly believe there is a lot of smoke and mirrors out on the boards. I've thought long and hard about what will eventually be public. There are times when I think nothing will come out...how could it? They could have companies lining up saying, where's mine? Then on the flip side I think...how much of what IS out here on the world wide web is all speculation built upon speculation? In short...did we do this to ourselves? I think there is room for some of that to a reasoned thinker. I really don't focus on those letters nor any update where I can't make heads of tails of it. Just send the check. I've been pretty outspoken in that regard, but it is the way I feel. I will be happy to learn the back story to what happened and how when I can read about it on a beach some day. And don't be fooled: just because I have a copy of the Chicago Manual and know how to use it, doesn't mean I don't have the same concerns, fears, questions or at times the anger that everyone feels. I don't think anyone is immune. And if you (and others) so disrespectfully ask why Im here? Just because you bought the stock doesn't mean you need to be here. I've told many folks...if your shares are bona-fide and you're registered with the new TA, you need not be here to catch any update the minute it hits the boards. If the announcement is real, you'll still be included. Besides, I think your email is the place to look...then the mailbox, but that's just me probably. There was a time not too long ago when there was more mutual respect within CMKXnation. But the last several months have been more intense with vitriol and backbiting. It's kind of hard to stay optimistic when one is wading through a sea of anger-infused, unsubstantiated "I-just-gotta-get-this-off-my-chest" posts. Gotta tell you...I walked away recently for quite some time. Every once and while a break is just needed and imo, worth it. Give it some thought. Again, if bona-fide--nothing will happen without you. That's a comforting thought, isn't it? ___ You know victorious, you're not unlike most shareholders I come across. Everyone wants it to end NOW. Everyone has questions without answers and their own version of what happened and why. Some boards seem to major on their own interpretation of presumed inside insight...as if being a member of their closed community begets a bigger ROI or getting one sooner. It won't happen that way is what I've been told. When it happens, whatever happens, it happens for all bona-fide shareholders. There are lots of theories in this regard...everything from how much, to how often, to whether the Dinar is involved, New Corp, Frizzell's claw-backs, or all of the above. For the honest shareholder, imo since you asked, it comes down to those 4 simple words again: Just send the check. My best regards to you. I think I've answered you as directly as I possibly could. I hope it was helpful in some measure. pr
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Post by ivegotanace on Jul 18, 2011 21:49:56 GMT -5
Is CMKX a good Stock? ACE
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Post by Display Name on Jul 19, 2011 10:22:50 GMT -5
This following was from over a week ago. The positive vibe was back in the air. We even had saltydog saying it was about to happen. And we even had the statement of being in good hands with those hands having our best interests in mind. All last week the vibe faded. Are we officially back to later than sooner now?
_________________________________________________________________________ b]portrush Administrator Re: The Buzz Chat 07/04 « Reply #278 Today at 9:39pm » I addressed this earlier in the thread Lulu. I did ask and he did tell me that he would post on the board the very minute everything was complete. I believe he is cautiously optimistic that this is sooner rather than later. No play on words...he and I have long passed the point for such games. I got the sense he isn't messing around and I am optimistic about his cautious optimism. It appears Dennis felt the same way, based on his tongue-in-cheek birthday post today.
But let's be candid...we ALL know that stating a date, time, day, month, week or any other form of measurement breeds contempt by some, anxiety for others, and pent up expectation for many. Its best if it just happens, imo. That's why I say..."knowing" wont' make it happen any sooner, just send the check and then let's call it a victory.
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Post by victorious on Jul 19, 2011 11:39:05 GMT -5
portrush thank you for responding. Your answer is more than important to me and others. I agree there's alot of smoke and mirrors. IMO TOO much smoke and mirrors. Heres one more ? for your friend Atty Hodges: If this was a "sting" and names cant be named, why did Atty Hodges name names (i.e. Majcher, P. Maheu etc)? IMO he should have known. We're given the impression that we're being toyed with ( after all these years) and imminent is just a empty word w/o any meaning of expectacy. If he wants to name names why not name the Chinese companies who bought us out? Dont the Chinese carry the BIG stick? And how about naming who the white hats are? Why leave them out of it?
BTW my name is Tom and I dont mean to disrespect Atty Hodges. Per your recommendation (i.e. the things youve said) Im glad he is here. WTH just send the check!
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Post by sunbeam777 on Jul 19, 2011 12:14:03 GMT -5
0verlap: From Millionaires Board: 11:18 AM [CaptainD] [OKIE OIL MAN] THIS INTEL/INFORMATION JUST IN. THE HOLDUP HAS AND IS IN WASHINGTON D.C.--WE ALL KNOW WHO IS THE HOLDUP. THIS IS BASED ON A SELF SERVING APROACH AND YES OUR DEBT DEFAULT DATE IS AN OMNIPRESENT ISSUE EFFECTING THE RELEASE OF THE RATE'S TO THE UST. <more>
0verlap: THIS ISSUE WILL BE SOLVED UPON THE AGREEMENT OF THE DEBT CEILING AND THERE ARE MEETINGS GOING ON PRESENTLY BEHIND CLOSED DOOR'S TO SOLVE OR AT LEAST PARTIALLY AGREE ON THIS ISSUE. THIS CAN NOT GO ON MUCH FURTHER. <more>
0verlap: THE PRESSURE BEING EXERTED ON THE MAN IS TREMENDOUS AND HE HAS TO RELAX HIS STANCE AND STUBORNESS OR DEFAULT WILL EFFECT OUR CREDIT WORTHNESS AS A NATION. THE R/V IS VERY CLOSE NOW.
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