Don't know why I drifted over to check site, but now can't resist with a comment / answer to the question.
He was working FMG and UC in parallel when in Mexico. FMG should have been a UC project. It was never visible that, or how, UC and FMG expenses were prorated, however I am not an accountant so maybe someone can explain all. My biggest regret is that I did not bail when I learned about FMG. UC needed full attention, not have it split with UC. UC had $6m from the sale of the Ring of Fire interest, plus gold and silver production from La Yesca worth more than $1m, and the update messages were always positive. Credit Gary M with doing this deal. Some of the RoF money was initially placed with the Sprott Silver Fund. UC must have lost some money with the declining price of silver, but I have not seen when or at what price those units were sold to be used for UC operations.
UC got involved with something called Sunvault. Check out the Sunvault story and it's management. The technology to gather and store enough energy to run a mine? Would be worth Billions if you had it.
UC got involved - spent money - to buy into some Canadian interests. My question: why not buy FMG? Or merge with FMG?
Anyway, Fortunately I did not bet the farm, but I learned from this lesson, though a bit late for a couple of other losses. Anybody here owning GNH?
Forcast is for sunshine for Sunday and next week, time to enjoy the Niagara Country wine.
Deke
