Just looking at what Berman has put together in just a touch less than a year is amazing.
254 confirmed mining claims all within 40 miles of the White Mesa Mill. The claim sets include:
Pay Day Claims
Rage Claims: Permit in final stages of approval for 27 drill holes.
Rockie Claims
Cache Claims: Permit has been approved for a 33 drill hole campaign. 32 of these will be dry holes and 1 will be a wet hole. The drill area is going consist of 3.2 acres and all disturbance fees have been paid and payment has been recieved by the BLM.
68 additional claims which are still not available via the BLM website: blm.gov yet apprently came with the deal in acquiring AUMN
We have completed our 504 and share structure has not changed since.
We have a new website on the way, and while it is still under construction, it is obvious that Berman's efforts have been focused elsewhere.
We have two independent geologists completing NI 43-101 reports for at the very least, the 254 claims in house at the time of the PR for the NI 43-101. These reports are due out in Q4 of 2007, approximately 1 year after Berman acquired his our first claim.
We have acquired another company, AUMN, which leaves the door open to the most questions. I feel once we begin the exploration campaign, more details will emerge on the relationship between AUMN and RSDS.
We have a JV between TRSI, an O&G company, that is also entering into the uranium mining claim acquisition business. Berman is a member of the board and more information on the synergy between RSDS, AUMN and TRSI will be forthcoming in the next few months I feel.
Given the valuation that we can extrapolate from PR's and the above information, we just need to hit one sizable section of ore which economically feasible to produce (given today's uranium spot prices, this should not be an issue) then we could see a estimated value of 100+ million easy. Now the question is, will the PPS follow suit to reflect that value? Time will tell my friends, time will tell.
Sure there are a lot of questions out there, but in due time we should have the answers.
Have a good one. Best of luck tomorrow. Let the coming weeks hold good things for all investors (131 of them from the TA) in the near future.
- faz |
