PREFER Ltd Cultivating the Redux of American Entrepreneurship

PREFER Ltd website updated

Now that we have completed our move Reardan we are in the process of getting up and operating and beginning the patenting process of the updated SAFER Process as well as seeking local legal representation to provide the regulatory infrastructure for a significant equity private placement.

Because of SAFER Process applications in energy savings process drying and related agricultural opportunities, immediate focus will be on the designing of a SAFER Process pilot unit, until such time as a facility can be obtained to build a precious metals refinery as well ad build our redesigned air concentrators.

PREFER Ltd is moving to Reardan, Washington

Plans are no progressing towards moving to the small rural community of Reardan a little over 20 miles west of Spokane. We hope to begin the move late this month and be fully operational by January 2012.

This new location should make it easier to build our precious metals mining and refining equipment which has been ready to build and test since early this year. Reardan will also give us the opportunity to restart our SAFER (Solvent Applications For Ecological Remedies) process with applications in process drying, biohazard elimination and hazardous waste removal.

Brute's Grizzly Bearish, No Bull, Plan for the USA

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The Grizzly Bearish, No Bull Plan, for the Future of United States of America:

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The Federal Reserve’s current two-fold mandate to pursue low inflation and job creation is rescinded and replaced with the goal of providing a strong dollar as the primary basis of national financial security. A gold standard is totally unworkable in the modern world; a strong dollar standard only requires responsible, consistent monetary policy.

Our Federal government’s portion of national GDP will be reduced to 14 percent over a period of ten years. During that period the national defense portion will be reduced to 2 percent of GDP, through the dismantling of the military-industrial-Keynesian-complex. This will very likely produce another recession, but will reset a solid foundation, for future economic growth that looks optimistically forward.

The current progressive income tax will be replaced with a standard flat tax rate on individuals and corporations of 20 percent, with the only exception and exemption for the poorest Americans. This rate will continue until such time as the nation is again established on a sound financial debt-reduction basis. Then and only then can that rate be reduced.

Social Security and Medicare withholdings from individuals will be maintained at current levels, but the cap of total contributions on a yearly basis will be removed. In pursuit of a sound dollar financial monetary policy, those funds will go into a true lock box concept, with no ability of the legislative and executive branches to use those funds; except as truly marketable and repayable investment bond securities.

National catastrophic healthcare coverage will be instituted for all citizens and documented workers, being funded through a national sales tax on goods and services. This tax can be used for no other purposes. That rate will be determined by actuarial data. Within that program every individual will be responsible for the first $50,000 of the defined catastrophic illness or other healthcare event, except for what is currently defined as long-term care, where the maximum individual liability will be $100,000. Individuals will be able to buy insurance to cover those minimums through market-driven insurance options. Over time this national tax will be reduced as current Medicare and Medicaid are gradually phased out over a period of twenty-five years.

Search for Company Headquarters

Recent steps have begun to purchase a unique research facility that will be able to provide a commercial refining facility as well as the PREFER Ltd headquarters, research, construction and marketing facilities in a rural area about an hours drive Northwest of downtown Spokane

PREFER is ready to follow the gold rush (almost)!

This week we received a sample of a decking material that can greatly improve the performance of both our air table concentrator and our fluidized bed designs. Previous decks had to be either constructed by hand, custom built, or modified from other applications.

Our new deck material is constructed in such a way that it provides generous airflow, yet greatly decreased the potential for fine non precious metals to interfere with our fans and air pumps. Some superfine precious metals and minerals may make that journey, but they are quite welcome because they are very valuable and something no water based concentrating system can segregate.

All this means we are ready, willing, and able to begin manufacturing and marketing our equipment, consulting and refining services (almost)!

The almost is that we need to find some accredited investors that would like to help us with this adventure.

While it has been an interesting couple of years wandering the forests and mountains of Northeast Washington, the potential to develop the company in accordance with proper management arts and sciences require a move to where the people who can make PREFER happen, can live and easily visit. After numerous excursions around the area, we have decided to pursue relocation in the city of Spokane Valley or the county east to the Idaho State line.

Washington State has no personal or business income taxes. Last election, citizens soundly defeated a state income tax initiative. This was the first of such an opportunity we had to vote on this since the last time this progressive solution was tried in 1973. Hopefully it will be another 28 years before it is tried again.

Air concentration is the only economically viable process to decontaminate the nation’s largest Superfund site in the Silver Valley, which begins across the state line and along Interstate 90 towards Montana. Currently cleanup entails removal from contaminated areas and transporting it to less hazardous locations, until such time as the technology is available to recycle basically these very fine lead, zinc, and silver ores.

Once we have our newly designed equipment up and operating, that cleanup time is now!

If you are an accredited investor please use one of the many links available to
contact us. We will send you a link to a specific investor website.

Gold Rush: Alaska — Discovery Channel Review (Epilogue: Full disclosure)

Corrected: 28/February/2011 13:50

From the Discovery Channel program synopsis:
The Hoffman crew spent five months and over quarter of a million dollars in a desperate attempt to find gold in Alaska. This special episode reveals what went wrong and how the guys plan to hit the mother lode next season.

We have come to the end of the Gold Rush: Alaska, Discovery Channel series. Next season it looks like just as what happened over a century ago, our next adventure will be Gold Rush: The Klondike. It seems that the Hoffman team has been squeezed out of the Porcupine Creek claim, which more than likely will be worked by the claim owner’s friend Dakota Fred.

From my perspective that should not provide much heartburn. They say there was $15 million in gold at the creek, but there as been no evidence that this was reality. That might have been true at one time, but reworking previous workings, it was difficult, to say the least, and virtually impossible with the equipment that the Hoffmans brought to the show.

As far as chasing the glory whole, which is well below the normal water table, will make the virtually impossible — much more difficult; with any equipment.

Having said that, what was given as the forecast for the upcoming year, we will see this season’s “No Guts, No Glory” become a “Doubling Down, All In” enterprise. That sounds like what you hear in the gambling casino, and should remain there, and a position where the wise should not venture.
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Gold Rush: Alaska — Discovery Channel Review (Episode 10: Never Say Die)

From the Discovery Channel program synopsis: With the arctic winter looming, the crew races against the clock. Rain and thawing snow flood the mine and Jack puts his life on the line as the glory hole caves in around the massive 100,000 pound excavator.

It is now early October on Porcupine Creek. The team has dug a hole in the ground about sixty feet deep; thirty-five below the level of the creek. As a consequence the water is flowing through the glacial flood deposit rocks like another small stream. The wet bank begins to sloughed off into the hole and Jack needs to rescue himself and the 400 excavator before being buried.

Clearly the intensions of the Gold Rush team was to dig to the bottom of the glory hole and get all the gold that was there, sadly it was probably their one and only significant seasonal goal. If by chance they were able to get some of the gold on the way down, that was a good deal. Get rich quick has really supplanted the old fashioned American Dream — or maybe that has always been the symptoms of gold fever.

We are now five months into this reality series, the Hoffman team, we are led to believe, began with enough capital for three months of efforts. Todd was able to borrow another $25,000 from his sister to help them get through the season. It seems that frugality has its rewards, or is this a entertainment reality show, the most popular adventure on television Friday nights with 65 million viewers?
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Gold Rush: Alaska — Discovery Channel Review (Episode 9: Bed Rock or Bust)

From the Discovery Channel program synopsis: Desperate to get to bedrock and large quantities of gold, Todd and Jack throw caution to the wind and dig deeper than ever before. With the brutal Alaskan winter threatening, they battle floods, cave-ins and equipment breakdowns.

This week we finally get to see the Gold Rush team begin to actually retrieve some gold after all there work. Is it too little too late? More than likely.

From a processing perspective however, there is some good news. Another Oregon man, Byron Tolle, shows up with a
Black Gold Magnetic Separator, that really does a decent job of separating small gold from magnetite.

One thing is a universal truth about hobby and small commercial gold mining operations. They design their processes from the front end — and end up with buckets and barrels of black sand they can do nothing with. Then they store them in their garage or a build black sand barn to store it in. When asked they say, “I’m rich, if I could just get the gold out of the black sand myself without getting ripped off.”

True commercial mines understand that getting the gold is not mining but material handling. In either placer or lode mining operations the truly important and money making decisions relate to how are we going to remove, process and get rid of, or stockpile the 99 or 99.9 percent of the material that has a commercial value no better than gravel or sand.

Once you get rid of all that gangue or waste material, then and only then can you really begin to design a process to get your values out of what is left. In many cases especially in lode deposits, in the process of handling all that material you currently also generate a literal mountain of hazardous wastes of various compositions.
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Gold Rush: Alaska — Discovery Channel Review (Episode 8: Bad Blood)

From the Discovery Channel program synopsis: After a hundred days in Porcupine Creek, the miners have dug themselves into a deep financial hole. The claim's owner wants to be paid and brings in a veteran outsider to turn the operation around, leading to high tension around the claim.

Watching this show is becoming very depressing. This is supposed to be a reality show about the potential of precious metals placer mining in one of the most beautiful places in the world. Instead it has become a gloomy series about human personal blindness and technical ineptitude.

It seems, at least the way the video is being edited, the only person on site that has any clue on what is going on, as it relates to the mining operation, is the team’s “mechanical genius” James Harness. The rest of them seem to think, if we just put some rocks in the front and runs some water around with it, every now and then when something breaks down, we will clean out the plant and take out the gold, and then be completely dumbfounded why there isn’t any.

We learned this week that Fred Dakota, the expert that the claim owner put on site to save the operations, doesn’t know significantly more than the Oregon team, and has an arrogant personality to make a bad situation worse.

Through Fred’s self appointed modifications of the wash plant, the crew can now increase the through put of the wash plant by washing rocks twice the size the team was previously running. That makes perfect sense, just because there were all those eight inch in diameter golden nuggets that were ending up in the boulder tailings.

Of course the wash plant breaks down, then their little excavator and the front end loader also blow some hydraulic lines. This is all because, it seems that nobody has ever operated such a sophisticated and complicated process before?

Well, the geniuses, since they have nothing better to do, clean out the plant for the second time in three or four months to see if they are getting rich. Sure enough, this time they find a real gold nugget that looks like it might run three quarters of an ounce and a total of 3.4 ounces of gold, bringing the total take for the season, according to their understanding of just $7770, on a this week reported investment of $270,000.
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Gold Rush: Alaska — Discovery Channel Review (Episode 7: Going For Broke)

From the Discovery Channel program synopsis: With winter weather closing in, a gold recovery expert comes to help the rookies. Todd discovers a major design flaw in the equipment and is forced to make huge modifications. With the credit cards maxed out, he is forced to take desperate measures.

Seven episodes into the series we are beginning to see just how poorly this operation is and has been run from the start. It does seem to make for good reality television, but any positive relationship to a true successful small commercial mining operation seems to be totally overstated.

Last week we said that it looked like the team should be able to run a better operation by just going to one of the numerous gold trade shows around the West, or reading a placer mining book from the library or purchased online. That prior education would probably have saved $150,000 and would have had a tendency to put gold fever and Christian presumption in a more real context.

This week we learn that the glory hole for which they have been searching, was worked before, giving up 400 oz. valued at $500,000, thirty years previous. The problem with that is that in 1980 spot prices for pure gold averaged $612. That would bring in gross values of about half that, not counting refining expenses. Gold did reach a previous high of over $800 in 1980 but we are still well south of that half mill of golden nuggets.

Earl Foster, the claim owner, believes that there is $15 million left on the site. At pure spot prices today that yields a little over 11 thousand oz.; scattered somewhere over 160 acres that were high graded and worked in the 1980s, earlier this century, and with no knowledge of what took place on this specific claim a century ago. Without some verification other than Earl Foster’s thoughts, this seems a huge risk. This brings us to the question if the claim is so wonderful, why hasn't Earl done the mining himself? “No guts, No glory!”
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