[ucodegen]

Looks like Japan is going to both.. bail it out.. and take control of TEPCO to a certain extent.

http://finance.yahoo.com/news/Japan-plans-to-bail-out-rb-1193946944.html?x=0

[ucodegen]

Looks like Japan is going to both.. bail it out.. and take control of TEPCO to a certain extent.

http://finance.yahoo.com/news/Japan-plans-to-bail-out-rb-1193946944.html?x=0

[ucodegen]

Looks like Japan is going to both.. bail it out.. and take control of TEPCO to a certain extent.

http://finance.yahoo.com/news/Japan-plans-to-bail-out-rb-1193946944.html?x=0

[ucodegen]

(snark)
Seller wants a stuck-ee, err investor, for the mortgage and to be able to pay what they want, when they want.. living free if they want in the place they can’t afford or don’t want to pay for. Seller is hoping to continue living free by having a mortgage stuck-ee, err investor, pick up the mortgage, thus preventing foreclosure, with the sellers (aka deadbeats) still able to live in the property.
(/snark)

If an investor picks this up, they may have to prepare for dealing with the BK trick that renters/leasers do to prevent eviction.

[ucodegen]

(snark)
Seller wants a stuck-ee, err investor, for the mortgage and to be able to pay what they want, when they want.. living free if they want in the place they can’t afford or don’t want to pay for. Seller is hoping to continue living free by having a mortgage stuck-ee, err investor, pick up the mortgage, thus preventing foreclosure, with the sellers (aka deadbeats) still able to live in the property.
(/snark)

If an investor picks this up, they may have to prepare for dealing with the BK trick that renters/leasers do to prevent eviction.

[ucodegen]

(snark)
Seller wants a stuck-ee, err investor, for the mortgage and to be able to pay what they want, when they want.. living free if they want in the place they can’t afford or don’t want to pay for. Seller is hoping to continue living free by having a mortgage stuck-ee, err investor, pick up the mortgage, thus preventing foreclosure, with the sellers (aka deadbeats) still able to live in the property.
(/snark)

If an investor picks this up, they may have to prepare for dealing with the BK trick that renters/leasers do to prevent eviction.

[ucodegen]

(snark)
Seller wants a stuck-ee, err investor, for the mortgage and to be able to pay what they want, when they want.. living free if they want in the place they can’t afford or don’t want to pay for. Seller is hoping to continue living free by having a mortgage stuck-ee, err investor, pick up the mortgage, thus preventing foreclosure, with the sellers (aka deadbeats) still able to live in the property.
(/snark)

If an investor picks this up, they may have to prepare for dealing with the BK trick that renters/leasers do to prevent eviction.

[ucodegen]

(snark)
Seller wants a stuck-ee, err investor, for the mortgage and to be able to pay what they want, when they want.. living free if they want in the place they can’t afford or don’t want to pay for. Seller is hoping to continue living free by having a mortgage stuck-ee, err investor, pick up the mortgage, thus preventing foreclosure, with the sellers (aka deadbeats) still able to live in the property.
(/snark)

If an investor picks this up, they may have to prepare for dealing with the BK trick that renters/leasers do to prevent eviction.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

Wikipedia has a second on core drilling..

http://en.wikipedia.org/wiki/Exploration_diamond_drilling

Might give you an idea of what they were doing. There was a map of where the drill cores were done and I don’t like the layout/pattern of cores. Normally you try a ‘matrix’ of cores to try to find the edges. I the referenced core results showed that some of the samples were taken right next to each other and most of them were in a single line (actually two closely spaced lines).. not a matrix. It was almost like they didn’t want to find a core that disagreed with their premise of wealth under the ground.

Found info that cost per foot of exploratory drilling averaged $2.16 in 1994. (Encyclopedia of Chemical Processing and Design, pg 20 under surface drilling, exploratory). Lets double it for current price (overestimating). Most of those exploratory holes that REE ran only go down less than 100 feet. Cost would not be a driving factor since that would be a $500 core for 100 feet of depth – not including assay cost. Most of the drilling cost is in getting/setting up the rig. If they run multiple holes, volume makes it cost less. Some of the rigs are also tractor/bulldozer structured – so road access is not an issue. Looks at this, their pattern of holes and depth make me very suspicious (all near each other, all along/near the road).

Example of tractor/crawler rig:
http://www.dthbuttonbits.net/JCR-Drillsol/JCR-CD-400.html

[ucodegen]

Wikipedia has a second on core drilling..

http://en.wikipedia.org/wiki/Exploration_diamond_drilling

Might give you an idea of what they were doing. There was a map of where the drill cores were done and I don’t like the layout/pattern of cores. Normally you try a ‘matrix’ of cores to try to find the edges. I the referenced core results showed that some of the samples were taken right next to each other and most of them were in a single line (actually two closely spaced lines).. not a matrix. It was almost like they didn’t want to find a core that disagreed with their premise of wealth under the ground.

Found info that cost per foot of exploratory drilling averaged $2.16 in 1994. (Encyclopedia of Chemical Processing and Design, pg 20 under surface drilling, exploratory). Lets double it for current price (overestimating). Most of those exploratory holes that REE ran only go down less than 100 feet. Cost would not be a driving factor since that would be a $500 core for 100 feet of depth – not including assay cost. Most of the drilling cost is in getting/setting up the rig. If they run multiple holes, volume makes it cost less. Some of the rigs are also tractor/bulldozer structured – so road access is not an issue. Looks at this, their pattern of holes and depth make me very suspicious (all near each other, all along/near the road).

Example of tractor/crawler rig:
http://www.dthbuttonbits.net/JCR-Drillsol/JCR-CD-400.html

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