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Author Topic:   CMKX ... VI ... The Saga Continues
pharmdman
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posted September 15, 2004 17:35     Click Here to See the Profile for pharmdman     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by slpj1960:
(This post and question is for the people that spend a whole lot of time knocking this stock) I appreciate your trouble in trying to save a person like myself from a stock like this that I believe in, but have a question for you all if you dont mind. With all of the free time that you spend here trying to help me "Would any of you like to tell me about a stock that you do like?" If you all are trying to look out for people like me who have to work alot, you wont mind answering this question.

Very nice post... i hope you don't mind, but I'm copy/pasting to another thread.

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highwaychild
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posted September 15, 2004 18:08     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by slpj1960:
"Would any of you like to tell me about a stock that you do like?"

Very good question.But I think that might actually might take time away from their bashing.Also would show how good they aren't.
In pennyland it's tough to pick the next runner.In sub-pennyland(and Pink sheets) it's tougher.I would love to see a know-it-all show us a stock trading @ .0003-4 that has as much to offer as CMKX does(other than ITDJ) right now.They can't.As much as people love to cry about how bad this is,CMKX does have a direction.DIAMONDS.
Just watch,people will bash this.

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RaiderJR
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posted September 15, 2004 18:49     Click Here to See the Profile for RaiderJR     Edit/Delete Message   Reply w/Quote
I will hold this stock til it reaches 20 billion dollars. At .0003 yesturdays close and 800 billion shares it is still at less that 300 million dollars.

Does anyone here think 109 anomolies could produce 20 billion in diamonds?


I know Wallace is going to chime in it is unproven. I know. That is what speculation is about. If you wait til it is proven then you will lose a large part of the potential profits.

If this stock reported a great find in the morning, do you think Wallace could buy by .0005, before it bounces to .001. Maybe. But I work in the daytime.

If you aren't in now you could lose half your profit or more when this hits.


Remember 20 bill/ 800 bill = .025


All the naysayers who think we have lost all potential just can't add.

Now, it is possible this is a scam. It is possible all the press releases are bogus. But that would be 100% fraud.

1. If no drilling into kimberlite = fraud

2. If no mineral rights = fraud.

3. If knowingly extending OS past possible return = fraud.


Why would Glenn come in to keep us between the lines in the sale of rights, and then turn around and commit fraud?


The key is the PR. Any pr moves this into the realm of open fraud. Does anyone think any attorney is stupid enough to represent a company that is stupid enough to tell us they are drilling kimberlite in Canada when they arent.


You bashers just don't get it. I appreciate your carefulness but every step pr'd is the view of a company trying to find diamonds.

Why Wallace wants a company less than a year young to look like anything more than a shell is beyond me.

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highwaychild
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posted September 15, 2004 18:51     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
Also would like to add most stocks that have been oppressed down to .0001 do a reverse split.
What did CMKX do?Moved up 1000%... but back down to a gap up 300-400%.What's wrong with that?

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will
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posted September 15, 2004 18:53     Click Here to See the Profile for will     Edit/Delete Message   Reply w/Quote
Now now, child, I have told you about a few I liked, and I think they worked for you ???
Right now I'm liking QANT and watching QTFI. Trying to but a lot of pigslop, CDVY @ .0005, IVOC @ .0009, maybe a little lower, ADVC @ .0009.
They all suck, but if you're patient and can grab them at the lows I think you can make $.
quote:
Originally posted by highwaychild:
Very good question.But I think that might actually might take time away from their bashing.Also would show how good they aren't.
In pennyland it's tough to pick the next runner.In sub-pennyland(and Pink sheets) it's tougher.I would love to see a know-it-all show us a stock trading @ .0003-4 that has as much to offer as CMKX does(other than ITDJ) right now.They can't.As much as people love to cry about how bad this is,CMKX does have a direction.DIAMONDS.
Just watch,people will bash this.

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RaiderJR
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posted September 15, 2004 18:58     Click Here to See the Profile for RaiderJR     Edit/Delete Message   Reply w/Quote
Were any of you part of the old cmkx board where an investor called the lab to see if they had finished the samples.

The lab refused to comment except they did verify they had samples.


If this is a fraud CMKX, The Lab, UCAD, Gemm, and a whole host of other companies have committed fraud also.

You need to get a life other than investigating stocks because no group of companies does what you accuse CMKX of.

By the way, UCAD has confirmed puplicly they are working with CMKX, and last I looked they are on Canadian govt maps.

Get a life people.

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will
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posted September 15, 2004 19:01     Click Here to See the Profile for will     Edit/Delete Message   Reply w/Quote
Hey Van, how you doing? Good to see you. I think I got your post, sometimes I am just negative and bash, and other times I have serious concerns that are being interpreted by some as negative.
No big deal either way. There are open questions, and I also think people assign positive spin to things that could or could not be positive.
All's well, looking for a real move in the PPS.

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glassman
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posted September 15, 2004 19:17     Click Here to See the Profile for glassman     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by slpj1960:
(This post and question is for the people that spend a whole lot of time knocking this stock) I appreciate your trouble in trying to save a person like myself from a stock like this that I believe in, but have a question for you all if you dont mind. With all of the free time that you spend here trying to help me "Would any of you like to tell me about a stock that you do like?" If you all are trying to look out for people like me who have to work alot, you wont mind answering this question.

i post them all the time.....
i don't sit around pumping them, cuz i am too busy looking for more......
if you guys want to pump them, that's fine with me as long as you stick to FACTS....LOL

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glassman
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posted September 15, 2004 19:24     Click Here to See the Profile for glassman     Edit/Delete Message   Reply w/Quote
remember Raider, if they find 20 Billion in diamonds in the ground, they still won't go to .025 and hold for everybody to sell.....it might bounce there or even higher for a little while....but it's not likely to be long enough for the float to turn over
i wish it worked that way, but it doesn't....

part of the pumper game is to convince others that the value will eventually be much greater than is reasonable, that way when the price does top out, it's easier to sell before everybody else realises it happened...that's why i almost never post buy/sell prices....

look at MDSEF--they have PROVEN gold in the ground worth well over 10 times the market cap.....

[This message has been edited by glassman (edited September 15, 2004).]

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RaiderJR
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posted September 15, 2004 20:08     Click Here to See the Profile for RaiderJR     Edit/Delete Message   Reply w/Quote
Exacly right,

I think if we can sell at a penny that will be good. That is very likely. Maybe more.

But I purposely used the extreme 800 billion, I think that is stretching it.

If everything goes right this company will be worth much more than 20 billion. Double or triple that.

I still think it is a great investment and will wait it out.

Well worth it.

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Wallace#1
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posted September 15, 2004 20:09     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
Van wrote:

OTHERS who post infrequently1-2)
Noah
WWJD
---------------------------------------------

What?!?!? Are you looking at this CMKX thread? LOL

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Wallace#1
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posted September 15, 2004 20:19     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
Raider wrote:

I still think it is a great investment and will wait it out.

Well worth it.
---------------------------------------------

Your odds are probably a lot better in a Las Vegas casino, and, that is no "investment" either!

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bill1352
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posted September 15, 2004 20:23     Click Here to See the Profile for bill1352     Edit/Delete Message   Reply w/Quote
there is a lot about this stock that could be better but these bashers and a certain few that go way over board secman for 1 really need a new hobby. lets have a poll, how many ppl in here have over 2 grand tied up in this stock??? i have about 1 grand a bit less in it & i got in late. mine are at .0004 about the same amount i bet on football every yr. now if i hit 1/2 my bets i'll get a return of about 3 grand as i only bet a parley card. if the grand i bet on cmkx hits i think my return will be a bit more then that. so what are these bashers really trying to accomplish. the next thing ya know they'll be trying to tell me that the Pats -2 against the Cards is a bad bet

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highwaychild
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posted September 15, 2004 20:30     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by will:
Now now, child, I have told you about a few I liked, and I think they worked for you ???
Right now I'm liking QANT and watching QTFI. Trying to but a lot of pigslop, CDVY @ .0005, IVOC @ .0009, maybe a little lower, ADVC @ .0009.
They all suck, but if you're patient and can grab them at the lows I think you can make $.

I've been out.
Will, I'm not talkin' about pessimists,I'm talkin' about wining, crying,nothing-ever-good to say BASHERS.
HA HA HA.You and GMAN got a guilty conscience?LOL

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Wallace#1
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posted September 15, 2004 21:26     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
How many of you remember this:

Casavant Mining Kimberlite International Announcement
LAS VEGAS--(BUSINESS WIRE)--Feb. 6, 2003--Casavant Mining Kimberlite International Inc. (OTCBB:CMKM) announced today that its time shared lease agreement of an ancient Chinese jade collection was appraised by experts and a random sampling of the overall collection was authenticated by Elizabeth Childs-Johnson.

And this:
Casvant Mining Kimberlite International Announces Cancellation of Jade Collection
LAS VEGAS--(BUSINESS WIRE)--April 7, 2003--Casavant Mining Kimberlite International, Las Vegas (OTCBB:CMKM), management today announced that it has cancelled the acquisition of the ancient Chinese jade collection as previously stated in CMKM's 14c, which stated on Dec. 30, 2002, the company acquired $50 million dollars worth ...

And this:
The mystery surrounding CMKM emanates largely from its decision to cease providing audited financial information to shareholders and potential investors. The Company stopped filing public reports in July 2003, shortly after it failed to file its Form 10-Q report for the quarter ended March 31, 2003. On May 16, 2003, CMKM advised the SEC that the March 31st report would be filed late (but no more than five days late) because it needed "further time" to prepare financial statements. Late turned out to be never.

And this:
Prior to November 25, 2002, the entity now known as CMKM was involved in a completely different enterprise. The Company, which was then called Cyber Mark International, Inc., had been in the electronic game business, although without appreciable success. According to its Form 10-Q for the quarter ended September 30, 2002, Cyber Mark's assets consisted of $344 in cash. There were no operating revenues. At the time the Company had approximately 352 million shares outstanding. The balance sheet was dismal - but at least there was a financial statement for investors to review.

And this:
Consequently, investors must rely upon fragmentary information in the "Information Statement," which asserts that the Casavant mineral claims were valued at $10 million "in situ" at the time of the merger, not including pre-merger expenses of $3 million. It did not say how Casavant arrived at that valuation.


And this:
In the absence of public filings, information on CMKM has come via a series of press releases. Unfortunately, those press releases reveal little information that would demonstrate the viability of CMKM's business or the value of its stock.

And this:
How many of these shares have been issued? That remains a mystery, but as a rule companies do not tend to dramatically increase their authorized capital unless they have issued all, or nearly all, of the available stock.

And this:
There are other pieces of information including drilling equipment that was said to be in use when they later stated it hadn't even reached the drilling site some considerable miles distant.
--------------------------------------------

The above things are just starters as to verifiable information. Now, tell me why anyone in their right mind would put money into CMKX stock.

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highwaychild
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posted September 15, 2004 21:38     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Wallace#1:
[B]
The above things are just starters as to verifiable information. Now, tell me why anyone in their right mind would put money into CMKX stock.
[B]

Because what you're laying down is old news.I put $ into it to make money off diamonds,not games.DIAMONDS.

from another CMKX investor...

based on the FACT that we have a TDEM ariel survey with hundreds of anomolies..

based on the FACT that we have financing from several sources (private financing and partnerships) to drill these targets

based on the FACT that we have a well respected lawyer overseeing this process..

based on the FACT that we have 1.4+ million acres of claims in an area where Debeers is serious about diamond mining and where other companies are finding diamonds as we speak..

based on the FACT that well respected geologists have agreed on the potential of the Sask area for yielding economically feasible diamond mines..

based on the FACT that Debeers has a valuation on one claim that is between 40-80 billion dollars..

based on these FACTS..it is easy for me to eliminate most of the noise and imagine that just ONE cmkx claim could be conservatively valued at the low end of this range..

now take a 40 billion dollar valuation with an O.S. of between 200 and 800 billion shares (even with no NS problem)..and (even without considering any dividend questions..lol) and do the math..

this is perhaps one way to explain why some of us are smiling even when there seems to be so much confusion all around us..

but I have to admit I have to remind myself every now and then..because it is easy to get caught up in all of the emotion..

now this is not to say that I believe we will only have just one mineable target..or that we have an 800 billion O.S..or that there is not a N.S. problem..or that the dividends aren't important..

[This message has been edited by highwaychild (edited September 15, 2004).]

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highwaychild
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posted September 15, 2004 22:37     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
You have anything from ,oh,say,1982 on CMKX you'd like to share with the masses Wally?

How far back you going to assail this?

You need help,get a life man.

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VNGNTN1
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posted September 15, 2004 22:47     Click Here to See the Profile for VNGNTN1     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by will:
Hey Van, how you doing? Good to see you. I think I got your post, sometimes I am just negative and bash, and other times I have serious concerns that are being interpreted by some as negative.
No big deal either way. There are open questions, and I also think people assign positive spin to things that could or could not be positive.

All's well, looking for a real move in the PPS.



I KNOW
Just helping new people understand what they are reading, no particular opinion weather pos/neg opinions right or wrong.I remember a time when the board was generally positive even with negative views expressed and everyone hammered out all that was said and came to a consensus.
VAN

[This message has been edited by VNGNTN1 (edited September 15, 2004).]

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glassman
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posted September 15, 2004 22:51     Click Here to See the Profile for glassman     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by highwaychild:
You have anything from ,oh,say,1982 on CMKX you'd like to share with the masses Wally?

How far back you going to assail this?

You need help,get a life man.


hi-way....what are we gonna do with you????
wallace is just trying to point out to you that people don't change very often.....
every once ina while one gets elected president and becomes superman, but usually when somebody hires a lawyer it's to GET OUT of trouble....LOL

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RaiderJR
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posted September 15, 2004 23:03     Click Here to See the Profile for RaiderJR     Edit/Delete Message   Reply w/Quote
What happens when a company overstates resources

quote:

Capital Hill Gold, Inc. Retracts Mineral Reserves, Economic Projections and Restates Historical Information
7/15/2004 1:11:10 PM
VANCOUVER, British Columbia, Jul 15, 2004 (PRIMEZONE via COMTEX) -- Capital Hill Gold, Inc. ( CAGI ) (the "Company") confirms that it has been contacted by the British Columbia Securities Commission (BCSC) with respect to the Company's disclosure for compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The BCSC has requested that the Company retract and/or restate the information previously disseminated to the public.

Retraction of Mineral Reserves and Economic Projections

In its recent news release and on its website, the Company disclosed mineral reserves and economic projections based on these reserves. This disclosure was contrary to NI 43-101 for a number of reasons. For example, the Company's disclosure of mineral reserves used noncompliant categories and was not supported by an independent technical report. In addition, the mineral reserve statements and economic projects were not based on at least a current preliminary feasibility study.

As a result, the Company specifically retracts its previous disclosure of mineral reserves along with the economic projections based on these estimates. The public should not rely on the previously disclosed estimates and projections until they have been independently verified and supported by a compliant NI 43-101 technical report and a current/updated preliminary feasibility study.

The Company also reports that there were numerous errors in its Research Profile that are unsubstantiated and misleading statements. The Company has removed the Research Profile from its web site for amendments by a Qualified Person as defined under NI 43-101.

Restatement of Historical Information

In its recent news release and on its website, the Company disclosed mineral resources that were also contrary to NI 43-101. For example, the mineral resources used noncompliant categories and were not supported by an independent technical report. Previous releases were based on historical information on the Mexican Hat property which is believed to be reliable but the accuracy of which cannot be guaranteed by the Company.

The Company is not treating these resources as current NI 43-101 defined resources, has not done the work necessary to verify the historical estimates and has not conducted any of its own resource estimates on the property. Therefore it is not able to say what portion of, if any, of the historically supported material would meet present reporting requirements under NI 43-101. As a result, these historical estimates should be considered exploration targets for further work and the public should not rely on the previously disclosed estimates until they have been independently verified and supported by a compliant NI 43-101 technical report.

Restatement of Exploration Potential

The Company based its recent exploration potential comments in addition to exploration (drilling and trenching) on the Victoria fault, the Linda and 16 zones as a result of a review of the following historical information.

On February 10,1997 Jean Descarreaux, Ph.D. P Geologist reported that in 1990 Placer Dome US Inc. conducted a *geological reserve study of the most important known gold-bearing zones on the Mexican Hat Properties. Included in his report was the following summary:

"A structurally controlled, volcanic rock hosted gold occurrence has been documented at the Mexican Hat property. The mineralogy and geochemistry are indicative of a epigenentic epithermal system. The gold is hosted by irregular fracturing. Gold is also found in low angle fault zones.

62,120 feet drilling has defined a kriged drill indicated *resource of 154,000 ounces of Gold. The total near surface *geologic resource is estimated at 300,000 ounces of Gold. Preliminary pit optimizations yield between 44,000 and 103,000 recoverable ounces of Gold from material grading 0.28 to .033 opt Au, with strip rations ranging from 4.4:1 to 5.0:1."

The potential qualities and grades referred to above are conceptual in nature. There has been insufficient exploration by the Company to define a mineral resource on the property and it is uncertain that further exploration will result in discovery of a mineral resource on the property.

Method Used

A (see Note) geological reserve study was performed on that part of the Mexican Hat Property within the limits of Sections 5 through 24, an area 950 by 1,950 feet in extent that includes the major identified gold bearing zones.

Three classifications were used:

Indicated: Gold Bearing material within 50 feet of drillhole or Trench Control

Inferred: Gold bearing material beyond 50 feet but within 100 feet of drillhole or trench control, and its extension where continually can be geologically projected to additional drillhole or trench control

Possible: Gold bearing material projected beyond 100 feet of drillhole or trench control

Estimation methods that rely on constant grade variability (polygonal, inverse distance weighting, and ordinary kriging) will produce dubious results for this deposit. Therefore indicator kriging was chosen as the estimation method.

Kriging is an acceptable method of quantifying mineral resources. While the company is in possession of a summary report of the results of kriging the Mexican Hat mineralization, detailed information such as block models is not available.

On August 25,1989 Matt Gray P. Geo. on behalf of Placer Dome US Inc. prepared a project review in which he summarizes:

"A structurally controlled gold occurrence has been documented at the Mexican Hat Property. The mineralogy and geochemistry are indicative of an epigenetic epithermal system. Surface mapping and drilling have identified six gold bearing zones. The aerial extent of the gold system identified to date is roughly 2,500 by 1,500 feet. A minimum *permissive target of 10.340 million tons at a weighted average grade of .0358 opt au (361,894contained ounces) is inferred from 41 reverse circulation and 6 diamond drillholes. Additional work is warranted by the results of this program."

The potential quality and grade referred to above is conceptual in nature. There has been insufficient exploration by the Company to define a mineral resource on the property and it is uncertain that further exploration will result in discovery of a mineral resource on the property.

On April 22,1996 Robert L. Akright Geological Consultant prepared a report at the request of Kalahari Resources, Inc. the subject of which were the Mexican Hat Properties. In this report he confirmed the amongst other things the following:

"There is an untested zone roughly cone shaped directly beneath the Mexican Hat Peak which could contain 2.5-3.0 million tons of material. Rock samples collected from the surface of this zone and surrounding zones contain anomalous gold values between .006 - 0.030 oz. Au./ton and the zone is bounded by drill holes with significant intercepts."

Again on April 22,1999 Robert L Akright Geological Consultant confirms the exploration potential and further states that "it is likely the top of the hill a cone shaped block, could be gold mineralized and with drilling could be moved from a waste rock to a *reserve category, thus increasing *reserves and reducing the stripping ratio."

The potential qualities and grades referred to above are conceptual in nature. There has been insufficient exploration by the Company to define a mineral resource on the property and it is uncertain that further exploration will result in discovery of a mineral resource on the property.

Note: terms not recognized under NI 43-101

On Behalf of the Board,
KENT CARASQUERO
Secretary, CFO

The information provided above has been reviewed CK Ikona, P Eng, a Qualified Person as defined by NI 43-101 who believes it accurately reflects information contained in available historical reports.

Cautionary Statements:

Statements contained in this press release, which are not historical facts, are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.



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trgfunds
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posted September 15, 2004 23:18     Click Here to See the Profile for trgfunds     Edit/Delete Message   Reply w/Quote
http://frogurt3.dyndns.org:8080/aero/hater.html

for all the haters

[This message has been edited by trgfunds (edited September 15, 2004).]

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WorkAHolic
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posted September 15, 2004 23:41     Click Here to See the Profile for WorkAHolic     Edit/Delete Message   Reply w/Quote
Looks like hurricane IVAN has all the rats running for shelter. Me thinkest the basheres art getting a bit nervous. What's with all the negative vibes. Was there a disaterous PR that I missed? I thinkest not. Alas poor Wally, I knew him well (NOT). Et tu Basher...be gone with thyself. The beast hath consumed thee. Thou days are numbered.

Repent....Good night...

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Upside
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posted September 16, 2004 00:15     Click Here to See the Profile for Upside     Edit/Delete Message   Reply w/Quote
Work,
Hast thou attended a Renaissance Faire in thy near past?

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Wallace#1
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posted September 16, 2004 00:44     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
Here's more, highwaychild. Some or most of it from recent 10QSBs as they refer to both companies or to UCAD alone.

In 2003, the company moved from the OTC BB to the pink sheets and changed its symbol to CMKM. During 2003 Casavant Mining Kimberlite International acquired a company that was in the process of mining zinc. However, in order to maintain their focus on diamond exploration Casavant Mining Kimberlite International decided to "spinoff" the zinc division as a separate company. Casavant International Mining was formed and each shareholder of Casavant Mining Kimberlite International was issued a share of the new company for each share of Casavant Mining Kimberlite International that they owned. Originally, the spinoff company was going to merge with Mirador, Inc., a publicly traded company, to make the newly issued shares tradeable. However, plans for the merger have been put on hold indefinitely.


LAS VEGAS--(BUSINESS WIRE)--July 19, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX - News) has agreed to invest US$1,000,000 in Casavant International Mining referred to as (CIM). CMKM Diamonds,Inc. will receive in return a 10% lifetime royalty on all mineral claims of CIM , specifically including the George Lake Zinc Deposit,

Q: Thought they spun this company off to “focus on diamond exploration”? Instead, now they are pouring money into it?

Casavant has been assembling the world's diamond experts to assist in developing
the company.

Q: Exactly how many of said “experts” ? Assuming he is still with them, isn’t it just ONE? Wasn’t that Mark Hutchinson?

" In addition the company will merchandise purchased diamonds under the "Casavant" brand name.

Q: How many have been purchased and how many have been sold?

... Casavant Mining Kimberlite International Hires Charles Bronson For Financial Public Relations. ...

Q: Remember that one? Suppose Melvin was responsible for proofing that release?

Re: UCAD's Value and other Questions

The Company's accountant has included the following statement in its notes to this filing:
"The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of approximately $18,345,000 since its inception and requires capital for its contemplated operational activities to take place. The company's ability to raise additional capital through the future issuances of the common stock is unknown. The obtainment of additional financing, the successful development of the Company's contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties."

NOTE: The above is from UCAD’s 10QSB (dated 3/31/04, filed May,04). The above is what is called a “qualified” accountant’s statement.

Q: How viable do you think this company is and how valuable do you think it’s stock as a CMKX dividend really is?

On February 26, 2004, the Company entered into a joint venture agreement with CMKM Diamonds, Inc., a Nevada corporation, to conduct a airborne survey of the fort a la Corne Kimberlite fields, including the 500,000 acres held by NevCan

Q: If I remember correctly, didn’t CMKX conveniently forget to mention this when they released similar information? Do all those 100s of anomalies identified include those on UCAD’s claims as well? It appears that the company identified as “NevCan” may in fact be Nevada Minerals.

From UCAD’s most recent 10QSB (filed Aug,04):

In August 2001, the Company's Board of Directors adopted a resolution whereby it approved a 10-to-1 stock split of the issued and outstanding shares of common stock. In December 2001, the Company's Board of Directors adopted a resolution whereby it approved a 1-for-10 reverse stock split. In December 2003, the Company's Board of Directors adopted a resolution whereby it approved a 1-for-100 reverse stock split. In January 2004, the Company's Board of Directors approved a 125-to-1 reverse stock split of its common stock.

GOING CONCERN - The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is in the development stage, has no operating revenue and has incurred cumulative net losses of approximately $17,700,000 since inception.
These conditions give rise to substantial doubt about the Company's ability to continue as a going concern.

Q: What do the above two statements tell you about UCAD’s real value?

3. FIXED ASSETS
Fixed assets consist of the following as of June 30, 2004 and December 31, 2003:
December 31,
June 30, 2004 2003
------------ ------------

Equipment $ 13,023 $ 13,023
Less: accumulated depreciation 9,879 6,735
------------ ------------
$ 3,144 $ 6,288
============ ============

Q: Just how much mining can be expected from UCAD with equipment worth $3,144 on their balance sheet? That's about what an old car is worth.

Q: How does that effect the value of the dividend CMKX shareholders will receive?

Re: JUINA Mining

YELLOW RIVER GOLD MINE ACQUISITION

On March 22, 2004, the Company, by and through Juina Mining Corporation, acquired an 80% interest in the Yellow River Mining, S.A., an Ecuador corporation, in exchange for 5,000,000 shares of the Company's restricted common stock. Yellow River Mining, S.A. holds legal rights and claims to gold mining operations in "Provincia Del Oro" [Province of Gold] in southwest Ecuador. The area is well known for gold mining operations that have been carried on there since the 1600s. However, the present mining operations are rudimentary and much of the mining work is done by hand. Very little modern mining equipment is available or used. No aerial surveys, mini bulk sampling or full bulk sampling have occurred on the property. An independent expert geologist has not proved up the area as a reserve or a resource. No equipment exists on site or otherwise owned or controlled by the Company, that would allow full scale development of the mine should it satisfy all conditions precedent to it being determined to be a resourc e. Thus, in order for the Company to develop this asset, financing will have to be acquired in order to satisfy the conditions precedent for full-scale mining to occur, and there are no guarantees that the Company will obtain such financing.

Q: Just how much value here is can be attributed toward UCAD’s stock, and, then to the CMKX dividend of that stock?

10. IMPAIRMENT OF INTANGIBLE ASSET
In September 2002, the Company agreed to issue 1,300,000 shares of the Company's common stock to the CEO and director of the Company for the acquisition of equipment and intellectual property valued at $12,000 and $157,000, respectively. During September 2002, the Company issued 650,000 shares of common stock, and subsequently transferred these shares to an entity affiliated with the CEO ("Affiliate"). In addition, the Company recorded a liability of $84,500 reflected as Due to Related Parties for the additional 650,000 shares to be issued to the CEO and director to be transferred to the Affiliate. Due to the related party nature of this transaction, the Company recorded the property at the historical cost rather than fair value of the property.

10. IMPAIRMENT OF INTANGIBLE ASSET (CONTINUED)
During 2002, the Company determined the intellectual property had no future value and recognized an expense totaling $157,000 for the impairment of intangible assets. During 2003, the Company issued 650,000 shares of the Company's common stock in consideration of the $84,500 liability.

Q: What the heck does the above mean? First the property has value and then it does not? Yet they still issue shares for said intellectual property (whatever that is)?

The Company also received a stock subscription agreement from a related party to CMKM Diamonds to purchase 600,000 shares of the Company's common stock at a price of $5 per share. The $3,000,000 has been received by the Company and immediately used to exercise the options on the first 2% of the current and future claims of CMKM Diamonds, Inc. under the July 18, 2004 agreement, noted above.

CMKM Diamonds, Inc.
On July 18, 2004, the Company acquired 5% of all mineral holdings of CMKM Diamonds, Inc. for 7,500,000 shares of common stock of the Company. On the same date, the company acquired an option to purchase an additional 10% of such mineral holdings for $15,000,000.00 USD. On July 27, 2004, the Company made its initial exercise pursuant to this option in the amount of $3,000,000.00 USD which is equivalent to an additional 2% of such mineral holdings. Most of CMKM Diamonds, Inc.'s holdings are in Saskatchewan, Canada in the general vicinity of the Company's Fort a La Corne and Smeaton holdings.

Q: From one hand to the other and back again?

Fort a La Corne
On January 20, 2004, the Company entered into a joint venture agreement with Nevada Minerals, Inc. to develop up to 500,000 acres of potential Kimberlite mineral property located in Canada. Kimberlites are raw materials from which diamonds are extracted. The Company has conducted preliminary drilling and obtained core samples that are presently being examined in a geological laboratory. There is no guarantee that any of the samples, or samples taken from any other area near the property, will yield Kimberlite with diamonds. The property is owned by Nevada Minerals, Inc. The joint venture has a term that expires on January 20, 2005. On July 18th 2004, Nevada Minerals, Inc. sold an additional 20% interest in this property and sold its remaining 60% interest to CMKM Diamonds, Inc. The Company is entitled to 40% of the net revenues produced from this property. Until the drilling program is complete, the Company can not make an accurate assessment of possible development costs due to uncertainty as to size, depth and location of any diamondiferous bodies.

Q: Does this now mean that CMKX has a controlling interest in claims formerly owned by Nevada Minerals?

Want more FACTS?

[This message has been edited by Wallace#1 (edited September 16, 2004).]

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COACHPHILM63
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posted September 16, 2004 00:48     Click Here to See the Profile for COACHPHILM63     Edit/Delete Message   Reply w/Quote
secman:

The next time you copy one of my post from another board copy the entire link...

Coach

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Wallace#1
Member
posted September 16, 2004 00:52     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
Glassman wrote:

hi-way....what are we gonna do with you????
wallace is just trying to point out to you that people don't change very often.....
every once ina while one gets elected president and becomes superman, but usually when somebody hires a lawyer it's to GET OUT of trouble....LOL
---------------------------------------------
Might I add to attempt to STAY OUT OF TROUBLE? LOL

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noahltl
New Member
posted September 16, 2004 01:04     Click Here to See the Profile for noahltl     Edit/Delete Message   Reply w/Quote
Looks like Secman / Rchaud98 is the one in trouble. CoachPhil sounds like he might twist his head off and shove it up his ........ Oh I can't say that.

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Wallace#1
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posted September 16, 2004 01:10     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
Looks to me like you are getting personal again.

noahltl
Member posted September 16, 2004 01:04
--------------------------------------------------------------------------------
Looks like Secman / Rchaud98 is the one in trouble. CoachPhil sounds like he might twist his head off and shove it up his ........ Oh I can't say that.

[This message has been edited by Wallace#1 (edited September 16, 2004).]

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noahltl
New Member
posted September 16, 2004 01:29     Click Here to See the Profile for noahltl     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Wallace#1:
Looks to me like you are getting personal again.

noahltl
Member posted September 16, 2004 01:04



There won't ever be a post between me and that little worm that isn't personal Wallace. If you recall, he made it personal. I've seen him on other boards as rchaud98 and secman. No telling what name he will hide behind to continue his childish games. He has been thrown off of most reputable boards with his games. Yet you find kinship with him.

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noahltl
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posted September 16, 2004 02:10     Click Here to See the Profile for noahltl     Edit/Delete Message   Reply w/Quote
My bet is this is the one Coach is upset about. Too well written for Rchaud98 / secman:


secman
Member posted September 15, 2004 15:14
--------------------------------------------------------------------------------
in a PR we where promised the following:
1.results from carolyn pipe.
2. news of Vegas meeting.(per ir man melvin)
3.news of canadas meeting(per ir man melvin)
4. video of drilling (8-5-04)pr
5.national tv campaign 12 spots run thru 12-18-04(7-14-04)pr
6.Pacific stock t/a, nothing about why they stopped and went back tp Global(6-29-04)pr
7.shutting down msg board, will be back up soon(6-18-04)pr
8.ucad and cmkx to move forward together, more details in future news release(7-18-04)pr

these are just a few of the recent promises. I tried to stick to the PR ones because the ones from IR Melvin, are numerous. to say the least. IBC radio, Pal-Talk etc.

I feel we as stockholders are being drug along for a ride without any accountability from our company. I know everyone says just wait, but look at this outside the box and as an investor. All the other stocks we own, we would not be this patient. If Ford, Msft, GE or any other company made these statements we would be up in arms.

Yes I also know they are reporting companies, but isn't that what we are trying to do. Become reporting. Expect higher standards from companies that are reporting. If we are to assume a trillion $ valuation should'nt our Board of directors act as such.

Just food for thought gang, nothing bad meant by this thread just trying to get feed back.


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COACHPHILM63
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posted September 16, 2004 02:31     Click Here to See the Profile for COACHPHILM63     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by noahltl:
My bet is this is the one Coach is upset about. Too well written for Rchaud98 / secman:


secman
Member posted September 15, 2004 15:14


You are correct, and thank you. When ever anyone wants to repost from another board, is fine by me as long as they copy the entire thread, instead of cut and paste. I am usually behind the scenes here on this board, but Noah knows Iam pretty vocal on the other board. Ricpic and some others, we talked about cmkx in length about a year ago, when Ric was really active on this stock. Keep up the DD and good luck to all. To much personal attacks going on in here for me to get real active. Some of you need to take some Meds.
SemperFi
Coach

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tradingpennys
Member
posted September 16, 2004 07:20     Click Here to See the Profile for tradingpennys     Edit/Delete Message   Reply w/Quote
Upside
Member posted September 15, 2004 01:02
--------------------------------------------------------------------------------

Fact: CMKX's land claims do not appear on any Government published claim map. The only place you will see their name is on the maps printed and published by CMKX for their own promotional purposes.
---------------------------------------
I think you need to know who owns each parcel of land the claims are on to aquire that info. That information is out there... somewhere.

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highwaychild
Member
posted September 16, 2004 07:27     Click Here to See the Profile for highwaychild     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Wallace#1:
Glassman wrote:

hi-way....what are we gonna do with you????
wallace is just trying to point out to you that people don't change very often.....
every once ina while one gets elected president and becomes superman, but usually when somebody hires a lawyer it's to GET OUT of trouble....LOL


In some cases,people hire lawers to collect more money than they would get without one.

Also would be helpful if you wanted to move up an exchange or two.Don't you think?D.Glenn man has alot of experience with S.E.C. related cases.
It's not like he's a Jonnie Cochran type lawer.

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dwman
Member
posted September 16, 2004 08:45     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
Glassman
If R Glenn did not have the background he has in securities, I would totally agree with your comment about why most people hire lawyers. However, this particular lawyer has extensive experience in things like mergers, and getting companies in compliance for listing on big boards. I hope we can take comfort in that fact.

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dwman
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posted September 16, 2004 08:48     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by dwman:
Glassman
If R Glenn did not have the background he has in securities, I would totally agree with your comment about why most people hire lawyers. However, this particular lawyer has extensive experience in things like mergers, and getting companies in compliance for listing on big boards. I hope we can take comfort in that fact.

Notice how secman always suggests that you might be gay if you disagree with him? Hmmmm, I wonder.

Based on the level of frantic bashing, cmkx must be getting ready to fly.

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dwman
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posted September 16, 2004 08:49     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by dwman:
Based on the level of frantic bashing, cmkx must be getting ready to fly.


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dwman
Member
posted September 16, 2004 08:59     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by tradingpennys:
Upside
Member posted September 15, 2004 01:02

Trading
If they do things in the Canadian Gov. like in the U.S., many maps are not updated on a frequent basis. How many years has UC had these claims? Maybe the maps have just not been updated. I noticed that same thing several months back and was concerned. I'm not now though.

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VNGNTN1
Member
posted September 16, 2004 09:11     Click Here to See the Profile for VNGNTN1     Edit/Delete Message   Reply w/Quote
DW
The filings @ registars office are current to about 3 days.
Drilling permits have been granted, in whose name ?
Maybe this is something we could reactivate and get this small answer?
- - - -
JUST eMAILED MELVIN
Would it be possible to scan & post the claim & permit to website where current drilling is being done ?
VAN

[This message has been edited by VNGNTN1 (edited September 16, 2004).]

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dwman
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posted September 16, 2004 09:34     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
Thanks Van. I was just talking about maps being updated. Good idea to have frequent updates posted.

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Wallace#1
Member
posted September 16, 2004 09:51     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
dwman wrote:

"...and getting companies in compliance for listing on big boards. I hope we can take comfort in that fact."
---------------------------------------------

dwman, there is only ONE "big board"! No more. NYSE (aka "the" Big Board).

Further, it will be a cold day in hell when CMKX gets listed on the Amex. As I have said before, EARNINGS! They will be lucky to get back on the OTC-BB, but won't be able to do that if they aren't reporting any longer. Look at all those companies with an "E" after their symbol and see how long it takes them to get back to a filing mode. No way it is three months or more, right?

PS: Should have added highwaychild here too, with the post about "moving up an exchange or two".

[This message has been edited by Wallace#1 (edited September 16, 2004).]

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dwman
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posted September 16, 2004 09:58     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
Wallace
I used "big board" advisedly in the sense that, to me, AMEX is "big" compared to pink sheets activity. Don't nit pick.

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dwman
Member
posted September 16, 2004 10:03     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Wallace#1:
dwman wrote:

"...and getting companies in compliance for listing on big boards. I hope we can take comfort in that fact."


Wallace... go back and read my post. I DID NOT say that Glenn was working to get us listed. I said he had vast experience in working in such matters with other companies and it could be comforting to some to realize that he is on our team.

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Upside
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posted September 16, 2004 10:08     Click Here to See the Profile for Upside     Edit/Delete Message   Reply w/Quote
Did JBCak/Byrd/Blueyed get booted again? Haven't seen him here or his other usual haunts in a while.

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dwman
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posted September 16, 2004 10:09     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
Wallace and all bashers....

Perhaps a reassessment is in order.

This is from another board.
Stock Symbol: SGF: TSX-VEN SHORE GOLD INC.
SASKATOON, SK, Sept. 15 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration, is pleased to announce the sixth set of diamond recoveries from the Star Kimberlite. The diamond recoveries to date total 1,392.83 carats from 12,124 dry tonnes processed. These results are for five kimberlite batches of a total of some 80 to 100 kimberlite batches that will be processed as part of the bulk sampling program on the Star Diamond Project, the aim of which is to recover a parcel of some 3,000 carats for valuation purposes. A total of 1,706 commercial sized diamonds (greater than 1.18 millimetre square mesh screen), collectively weighing 263.01 carats, has been recovered from the treatment of 1,198.88 dry tonnes of kimberlite. Forty-one diamonds greater than one carat have been recovered and the four largest stones are: 14.60, 10.14, 7.68 and 6.23 carats, respectively. In addition, 213 diamonds (3.35 carats) were recovered down to 0.85 millimetre square mesh. The colour of 64 percent of these diamonds has been classified as white, with a further 21 percent classified as off-white.
These five kimberlite batches (of a total of 33 processed) have been mined from the Southeast drive (Batches 22, 24 and 25) and the North drive (Batches 21 and 23) developed from the 235 metre shaft station. All of these kimberlite batches have been recovered from within the Early Joli Fou equivalent kimberlite. Results to date have shown that higher diamond grades are associated with the Early Joli Fou equivalent kimberlite than with the Late Joli Fou equivalent kimberlite. The relationships between these two kimberlites types are illustrated in cross sections available on the Shore Gold website: www.shoregold.com.

Batches 26, 27, 28, 29, 30, 31, 32 and 12A (all from 235 metre level) have been processed on-site and the concentrates dispatched to the sorting laboratory for final diamond recovery. A total of 13,991 dry tonnes has been processed through the on-site DMS plant. Results from these batches are pending. All batches processed to date are classified as crater facies volcaniclastic kimberlites.

Kimberlite processed and diamond results for five sample batches are listed in the table below. Grades are expressed in carats per hundred tonnes (cpht).


-------------------------------------------------------------------------
Batch Location Diamonds Total Grade Largest
No. (metres below Dry Number of (carats) (cpht) Stone
surface) Tonnes Stones (carats)
-------------------------------------------------------------------------
21 235 m Level: N drive 226.29 337 32.89 14.53 1.29
-------------------------------------------------------------------------
22 235 m Level: SE drive 268.71 460 50.05 18.63 3.41
-------------------------------------------------------------------------
23 235 m Level: N drive 248.08 331 45.63 18.39 6.23
-------------------------------------------------------------------------
24 235 m Level: SE drive 201.43 460 60.24 29.91 7.68
-------------------------------------------------------------------------
25 235 m Level: SE drive 254.37 331 77.55 30.49 14.60
-------------------------------------------------------------------------
Total 1,198.88 1,919 266.36 22.22
-------------------------------------------------------------------------

The four largest stones are: 14.60 (Batch 25, White), 10.14 (Batch 25,
White), 7.68 (Batch 23, White) and 6.23 (Batch 25, Grey) carats, respectively.
Sixteen diamonds exceed two carats and 41 diamonds exceed one carat, of which
27 are white, 9 are off-white, 3 are grey and 2 are brown. A total of 86
diamonds exceed 0.5 carat. Sixty-four percent of the total diamond parcel is
classified white in colour, with a further 21 percent classified as off-white.
The diamond parcel includes 10 pink, 16 yellow and 6 amber stones. Over 98
percent of the carat weight of this parcel occurs in diamonds greater than
1.18 millimetre square mesh.
Senior Vice President Exploration, George Read, states: "These latest
results include a significant number of large stones and higher grades,
particularly for Batches 24 and 25. The frequency of plus one carat stones in
the Star Kimberlite will have a highly positive effect on the forthcoming
diamond valuation. Results to date indicate an average grade of 15.83 cpht for
the Early Joli Fou equivalent kimberlite (1,198 carats recovered from 7,570
dry tonnes)".
The diamond recovery procedure includes on site processing of kimberlite
through the modular dense media separator (DMS), after which DMS concentrates
are batch fed through an X-ray Flow-sort. In order to ensure the recovery of
low luminosity diamonds, the Flow-sort tailings are processed over a grease
table. Flow-sort and grease table concentrates are transported by a secure
carrier to SGS Lakefield Research for final diamond recovery. The SGS
Lakefield Research process includes drying, screening, magnetic separation,
manual sorting and diamond weighing and description. SGS Lakefield Research is
accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as
a testing laboratory for specific tests.
Senior Vice President Exploration, George Read, Professional Geoscientist
in the Provinces of Saskatchewan and British Columbia, is the Qualified Person
responsible for the verification and quality assurance of analytical results.
The Star Diamond Project is designed to recover a parcel of at least
3,000 carats of diamonds to enable an accurate valuation of the stones. Up to
25,000 tonnes of kimberlite will be recovered from the shaft and drifts and
processed on site to produce this diamond parcel. Shore is a Canadian based
corporation engaged in the acquisition, exploration and development of mineral
properties. Shares of the Company trade on the TSX Venture Exchange under the
trading symbol "SGF".

"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release"


http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=14555

For further information

Kenneth E. MacNeill, President & C.E.O.
George Sanders, Vice President Corporate Development
or George H. Read, P. Geo., Vice President Exploration at (306) 664-2202

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Wallace#1
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posted September 16, 2004 10:11     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
dwman wrote:

"...and it could be comforting to some to realize that he is on our team."
---------------------------------------------

Good luck to being comfortable. "Our team"?
He is CMKX's outside counsel (lawyer). He is also UCAD's outside counsel from what I understand. CMKS and UCAD have had dealings with one another and appear to be continuing those dealings from time to time. I would think that his real "team" is Edwards & Angell"!

PS: And Shore Gold is not CMKX. Nor are they mining the same claim. I suggested that Shore Gold was a good buy some time back.

Got to go now. Talk to you later.

[This message has been edited by Wallace#1 (edited September 16, 2004).]

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dwman
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posted September 16, 2004 10:27     Click Here to See the Profile for dwman     Edit/Delete Message   Reply w/Quote
Oh gosh!!! Shore Gold is not cmkx? Darn. I'm gonna sell all my cmkx. I just KNEW they were one and the same...and I bet Shore Gold is working a claim that is a thousand miles from ours...and I bet R. Glenn didn't buy one share of cmkx. Thanks for looking out for me Wallace. You are better than Bill O'Reilly.

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gmac78
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posted September 16, 2004 10:59     Click Here to See the Profile for gmac78     Edit/Delete Message   Reply w/Quote
I listened to the interview of UCAD CEO Rendal Williams by Green Baron TWICE in order to make sure I heard everything Mr. Williams said concerning UCAD's ongoing projects. I'm just paraphrasing a few things that interested me.

In talking about CMKX he states UCAD has several projects (note the "s") planned with CMKX apparently in the future, but are EXTREMELY excited about the area they are presently drilling. He went to Canada and met Urban, because Urban had the permits, mineral rights, and equipment to commence the drilling and a "combined" effort would help all the partners (talking about the other three co's. also).

He stated that UCAD has SECURED the financing for their projects and in addition assisted some "other" (didn't name them)companies with their financing in the same "financing bundle".

He said that UCAD is exercising their option for the additional 10% mineral rights purchase with CMKX.

This is just a little of the information revealed during the interview with Williams and there is a lot more. He did say that his stockholders would be very happy with UCAD's 3Q filing.

I don't have anymore worries about my investment in CMKX, but it sounds like it's going to take some time for everything to develop with the mining. I do think that questions about A/S, O/S, valuation, etc. will come pretty soon.

I would suggest that anyone interested should listen to the interview and just sit back, smile, and forget about these "nay sayers" and let things develop. If anyone thinks that these FIVE companies are not serious about their business then no amount of information is going to convince them otherwise.

I'm happy, contented, and going back to "Lurk". I tried to be as accurate as possible, but this is my own paraphrasing of some of Mr. Williams information. There is a lot of interesting information about the other projects UCAD is involved with in this interview. The link to the interview is on the CMKX board.

The "bashers" can go find something else to "flail" away at!!!!! LOL GLTA

------------------
gmac

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Wallace#1
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posted September 16, 2004 12:46     Click Here to See the Profile for Wallace#1     Edit/Delete Message   Reply w/Quote
gmac, when speaking of the Green Baron, you might as well include Dr.D, Zen and Sterling as well as a few of the easily identified posters on this CMKX thread. All the same bent and venues.

GLTA

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legal1082
Member
posted September 16, 2004 14:11     Click Here to See the Profile for legal1082     Edit/Delete Message   Reply w/Quote
Hey guys, just a post I saw on another board!!


CMKX: Statistics in Exploring.

It doesn't matter if you are sampling for fisheries statistics, or variations in diameter for ball bearings in a manufacturing process stream, or searching for diamonds among millions of acres. Regardless, the science and methods of statistical derivation must be applied to the degree that it is practical, possible, and economically feasible.

"The problem involved with diamond grade estimation is due to the typically small number of (usually small) particles per unit volume (or mass). It is basically a SAMPLING PROBLEM WHERE THE LARGER THE SAMPLE, THE BETTER IS THE GRADE ESTIMATE- BUT THE HIGHER THE COST. A balance must be struck between the cost of the sample collection and processing, and the accuracy of the resulting estimate."

"The preferred size of the sample can be estimated by statistics. A sample size that returns about thirty diamonds (or "stones") will give a "statistically significant" result (THIS IS TRUE OF SAMPLING FISH IN A LAKE, THE HEIGHT OR WEIGHT OF GIRLS AND BOYS OF A GIVEN AGE IN A PARTICULAR SCHOOL DISTRICT, OR WHATEVER) but this may be impractical at the early stages of an evaluation program. In a preliminary sampling program, where there is no past data on the grade of the deposit, a useful starting point could be to use the world average for commercial diamond mining operations as follows:

1) average grade of 50 carats per hundred tonnes (cpht),

2) average diamond size of 0.1 carats per stone (ct/st) and

3) average diamond value of 50 US$/ct.

"on average, in the above example, 5 diamonds should be recovered from each tonne of processed source rock. To recover 30 diamonds we would therefore have to process 6 tonnes of source rock."

We are not there yet with the Smeaton Kimberlite Formation, so far as we know. However, Kensington and/or Shore Gold has sunk some shafts already in the Fort a la Corne area, in order to gain access to several tonnes of source rock, in order to gain a greater statistical sampling base. They would not have done so had their initial drilling results pointed the way to spending that amount of exploration money to further the data base of sampling results. Remember that most of the exploration money for diamonds in the world is going into Canadian exploration. And for good reason.

"Typically, a deposit with a high stone density will be easier to evaluate than a deposit with a low stone density because the sample size required to recover a significant number of stones will be smaller. At the very high grade Argyle Mine in Western Australia, where the mean stone size is small (» 0.08 ct/st),and the stone density is high (» 60 st/t), samples of only one tonne were more than adequate to obtain an initial grade estimate."

"The number of diamonds recovered from a sample will also depend upon the smallest size of particle recovered. In pipe evaluation, the macrodiamond is usually considered to be of a commercial size, ie. greater than about 0.5 mm, and below this size the diamonds are considered microdiamonds and are not usually recovered during commercial mining operations, except in the Sakha (Yakutia - Russian Federation) diamond mining operations."

"However many exploration companies use different definitions of what is a macrodiamond or microdiamond and care should be exercised in using this term; unless it is clearly defined. Australian and North American exploration companies usually use the term microdiamonds for diamonds less than 0.4 or 0.5 mm in size AND USUALLY RECOVERED DURING EARLY STAGES OF AN EXPLORATION PROGRAM".

TAKE CAREFUL NOTICE, FOLKS: WE ONLY HAVE THE RESULTS OF A FEW KILOGRAMS FROM A FEW SMALL DIAMETER DRILL CORES. THERE IS NO WAY A HIGHLY ACCURATE STATISTICALLY SIGNIFICANT EVALUATION CAN BE DERIVED FROM SUCH A SMALL SAMPLE. ONLY UNTIL WE HAVE PROCESSED AT LEAST 6 TONNES OR SO CAN WE EXPECT A BETTER SAMPLE BASIS FOR STATISTICAL EVALUATION.

Further consider this: If my estimate of a Fort a la Corne Kimberlite formation consisting of about 450 acres and 390 million tonnes is even close, and considering the geological fact that kimberlites occur in clusters, then which of the two following scenarios would you like to find yourself in, if you were a mining company:

1) 54,000 acres of mineral rights....

versus

2) 1.4 million acres of mineral rights.

Even if only 10% of the 1.4 million acres has economically attractive, relatively "accessible" diamondiferous kimberlite near the surface (about 400 feet below the surface or so), then we are talking about 140,000 acres of kimberlite. If I am even close in my estimates of the tons of kimberlites that kind of territory represents, then we are talking huge amounts of diamonds, potentially.

Not to mention the gold, platinum, palladium, rhodium, and other valuable minerals that are often associated and occur along beside diamondiferous mineral formations.

Locked and Loaded and Ready to Rock.

Tally Ho!

Wellmetfellow

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Money_Penny
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posted September 16, 2004 14:42     Click Here to See the Profile for Money_Penny     Edit/Delete Message   Reply w/Quote
To "assume" that 10% of our claims are pure kimberlite is ridiculous!

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