Oh, believe me, I have seen some very inventive scams involving mining properties. Most of them claim billions and billions worth of minerals are in the ground (even though the SEC expressly forbids those kinds of valuations).
The ones I find more interesting are those that claim metals that don't exist geologically in that part of the world (platinum in Arizona, for example). Or gold that only their "special" assay process can see. Or, applying a couple of assay values over the entire claim block, down to some arbitrary depth (say...1,000 feet or so?). Those are the types of inventive (and fraudulent) statements that non-SEC filers tend to make.
Of course, here we have a company that tried to tout plasmafication as a smelting technique for ores that had not even yet been discovered. And made up a new term (grams per meter). And claimed that they had satellite data which could detect gold. So, these guys have already proven they have some imagination......
