Element Global Inc (ELGL)

[1manband]

They may have realized that such a "valuation" is prohibited under the legal mineral reporting standards effective in every one of the nations in question. Including Russia, which reformed their reporting standards several years ago and where such "valuations" are now strictly prohibited. Since the change, Russia is no longer a country of choice for mining scams.

And there is also the issue of IFRS and GAAP, both of which do not accept such "valuations" for accounting purposes, which makes the claim of KPMG auditing and approving such a valuation completely false.