CMKX board:
Re: MELVIN ON PALTALK
« Reply #3 on: Today at 5:42pm »
Diamond Hunter
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Will keep modifying and adding more...
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Talking about Ekati:
Ekati is playing with 4 pipes. Pretty darn big. Hauling 1 million per day in diamonds. Because they are in the NW territories, infrastructure is horrendous. Tend to do everything in winter and make new roads every winter when the bogs freeze over.
Costs about $56 per ton of kimberlite to get kimberlite out of ground.
Ekati mine is about 1 mile wide and 2 miles long and 300 feet deep. If you look how mines form it is like a spiral and goes down further and further.
After the mine is dry, what do you do with the hole? They make a lake out of it.
They are playing with 4 kimberlite pipes and getting 1 million a day in diamonds.
If you were to do the same thing at FALC. If all partners were to get together and said enough is enough, let's just open pit mine every pipe found. Well, the 100+ anomolies we found don't come into the equation just yet. If you look at the map and count the dark spots, there have been over 100 pipes in the FALC region. That is a far cry from 4. If you open pit mine every pipe you would have a hole in the ground about 70 miles x 60 miles. Estimated value (70% kimberlite diamondiferous 80% gem quality) of every pipe in FALC, you are looking at billions of dollars a day.
Nice thing about this is the cost per ton. In US funds it costs about $15 per ton. The infrastructu
re is already there. Only several miles from large cities, houses, accomodations, etc. costs go way down. There will be an open pit mine in FALC IMO within next 2 years. Not sure if it will be us but you got my word UC will be a part of it. Potential is there, mining is there. Biggest thing folks is that product is there. I'm not saying we will be open pit mining in 2 years. My own personal opinion is there will be a mine. Not sure if it is us. Just my opinion.
You people can not fathom the potential that is up here.
I come on Paltalk just about every day. I'll admit I'm hooked on this thing. Lots of smart people here and other investors. We have geologist till hell freezes over. Everyone wants to be a geologist, stockbroker. We have two sides of this company. That is what we are here for to mine for diamonds. We are not here for gold uranium zinc. If we run across it great. We are here to mine for diamonds. Mining for diamonds is very serious, expensive and time-consuming.
On the other aspect you have the stock part of it. We are a public company.
Where does uncle melvie fit. When I first started my sole job was to inform people about the diamond part of this company. That lasted about 2 days because Urban decided... Urban has a LV office. Their sole purpose was to answer IR questions. They would not take questions pertaining to drilling because that was Melvins expertise and vice versa. Urban decided there is not much sense in having 2 offices so he downsized the company and shut down the LV IR and had Melvin take the whole thing over. Melvin said ok if UC would keep him in the loop. UC did tell melvin much of the info but not all of it. Little by little, UC put Melvin in the group. over the last 6-9 months he knows more. I'll admit I know the OS. It wouldn't be fair to tell the small Paltalk group and not the other thousands of shareholders. It will come out in a PR.
I would love to answer many questions. I've been around the block long enough to know what to answer and what not to answer. As far as share structure goes, that is being handled by people far more intelligent than I. Lawyers, UC, business people that know d**n more about that than I will ever know.
I've come on Paltalk and spilled my guts. I joke around and we dance and play tunes. I love that. Nobody, not UC, Roger Glen, Randal Williams, will never take that away from me. You people are my friends and I respect what you have to say. If I want to jerk around, then I bloody well will do it. I'll do what I darn well feel like off the clock. It will be like that till the day I die. End of conversation.
Asked about drilling in winter:
We are not worried about snow. Come hell or high water, if there are diamonds in the ground we will drill 30 below zero or 30 above.
Asked if there is anything he knows that hasn't been asked:
Can't think of a question that has not been asked. I've been asked everything under the sun. If I had an answer, I would be sitting in the white house or Ottowa right now. I'm not stupid and slip up and say something I'm not supposed to say. UC put a lot of trust in me and knows what I can and can't say.
CMKX used to be a regular company. You buy stock and watch what happens. It's not like that anymore. We've become family. Families have their squabbles. People bash me and others. That's not called for. If people want to bash the company that is fine. There is freedom of speech. In my opinion, the only family Microsoft has are there employees. Do you think they think their shareholders as family. Not a chance. Does UC classify CMKX shareholders as family, you bet your sweet dippy he does.
I try to return every call within 24 hours. I've been slipping up since Seattle. I changed my strategy a bit regarding Paltalk and phone. My phone messages are constantly full. 80-90 messages per day is slow. I'm averaging 105-125 calls per day. I'm trying my best but it is literally impossible. If I don't get around to calling especially if I can't answer the question I apologize. I'm trying the best I can.
Q. How many current drill sites and are we digging overburden.
A. What we are doing is the same as Carolyn pipe. All we are doing is punching holes. carbon copy of carolyn pipe. Nothing more nothing less. Not excavating ground. Mini-bulk sampling.
Q. What is done with soil that is pulled out of the mine?
A. You level it all out and spread it around and bring environment back to where it was before. It really is quite amazing. For instance, Ekati mine they hauled the dirt all over even built a town on it. Nothing is wasted.
Q. Can you explain mini-bulk sampling?
A. Yes, that is what we are doing now. 2.5" 6" 8" holes (ours is 2.5") and mini samples of kimberlite sent to lab. Mini-bulk sampling is punching holes all over the place. Bulk sampling is when you start pulling tons of ore out of the ground. Take a look at Shore Gold PR's. They will pull 250,000 tons and stockpile it. Will have a big mound of dirt surrounded by guard dogs. Hill 30ft high x 60ft long full of kimberlite. How many diamonds in that kimberlite. Potentially millions of dollars worth. There are three steps to mining. Mini-bulk, then bulk, then open pit.
Q. What happened to Mt. St. Helens.
A. Well I'll ask you, what happened to Mt. St. Helens. Half isn't there anymore is it? Because half of it blew. Maybe you missed the FALC potential. It is unbelievable.
Q. How much do you make?
A. That's kind of low. How much do you people think I am worth. This upsets me. About 3 weeks ago in Seattle was the first I met UC. We thought I might get a raise. After my questions for UC at the end of the 2.5 hr meeting, UC told me shareholders love me. You've done me a world of favors, blah, blah, blah. I think it is high time for a raise. I said okay, "how much." UC gave me a figure. I looked at my wife and my wife shook her head no. UC looked at me surprised. I said no. I can't accept it. Here is the reason why. It was a substantial raise by the way. Urban, you pay me enough. I don't want more than I'm worth. THe amount you offered, I'm not worthy. Here is what I want you to do. I don't care when or how but I want it done. The raise amount, I want that money given back to each and every shareholder in this company. I don't care if it amounts to .01 per share [doesn't get the math- not literally ]I want each and every shareholder to get a portion of their money back from me and vicky. What it comes down to is do unto others as you would have them do unto you. This is my way of showing gratitude. I thought we would be further along now but I'm happy with where we are at now. I'm happy and proud to have 350 friends in Sterling's classroom. Nobody is going to take that away from me.
high_flyer5 on paltalk talking about BHP turning down a buyout of their canadian mining operations from an Israeli company due to potential in Canada. Hmmm...
Lots of discussion of post 474444 by punchy_poluka on CMKX RB site. Pretty negative post.
