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take every single line from the pr ... multiply the g/ton X width, and you get the number under g/m column --- every single time
g/m was a typo - should have read g x m
IT'S IDIOTIC TO SAY A TYPO WAS A CONSPIRACY BY THE COMPANY TO PUT ONE OVER ON THE PUBLIC
and we continue to waste time due to a typo
instead, we should be looking at the numbers from the assays .... #22 is possibly the best so far, and #21 is not too shabby, and shows continuation with #22 - since the drill holes were in close proximity - and at the same angles
imo, a lot of wasted effort over what turns out to be a typo and a geologic report that hasn't even been done yet ...
spoke to my geologist friend ... showed him the pr .... etc. ... his reply:
obviously, grams/meter is a typo !!! should have been grams X meters !!!
and he stated that g X m above 25 should get some attention (assuming gm/ton is above a certain base number - depends on cost of mining).
yes, could have .2 g/ton X 500 meters = 100 - but any geologist would look at g/ton first ---- the table g X m is simply doing a simple math calculation - anyone can do it.
g/m would indicate division - not multiplication
70.58 .... and it means everythng
wrong answer again ...
wrong answer ....
here's a riddle for everyone:
6.75 X 10.45 = ?
and i guarantee this is on topic for uspr
more bs ...
first, sec letter specifically is talking about an annual report - 10k filing ... not announcements thru 8k's ... and certainly, not about reports that haven't been written yet.
second, sec said it was okay to use 43-101 compliant, as long as they disclose that it was never filed on sedar (canadian govt).... or simply call it a geological report (FOLLOWING IS FROM SEC LETTER)
We note your disclosure stating that you completed a National Instrument 43-101 (the
“NI 43-101 Compliant Report”) from an independent consultant for your property. Tell
us whether you filed the report on SEDAR for review by the Canadian authorities. If you
have not, you will need to address the potential variance in perception either by replacing
references to “National Instrument 43-101 report” with “geologic report” or by adding
language clarifying that the report has not been filed on SEDAR for review by the
Canadian authorities as is the general practice by Canadian filers.
IT DOES NOT TAKE MUCH IMAGINATION TO FIGURE OUT USPR CAN AVOID ANOTHER LETTER BY DISCLOSING THEY COULD NOT FILE THE 43-101 ON SEDAR BECAUSE THEY ARE NOT A CANADIAN COMPANY. AND ONLY CANADIAN COMPANIES CAN FILE IT ON SEDAR. ----- NO CONFUSION ----- NO MISPERCEPTION ----
third, once again, you are predicting the sec will send a comment letter re: a report that has never been written (yet). don't you think we should see the report, the title of the report, and what disclosure statements are made, before we predict an sec letter will be sent
bottomline ... the final pps will be determined by how much gold, silver, and copper there is ... based on an eventual jv deal / and/or an eventual buyout.
the current filing indicated amounts of gold, copper, and silver based on g/ton ... the same statistic that has been posted in all previous assay results. the addition of the new measure can easily be ignored by those who don't believe in this new measurement.
but there is plenty of gold, silver, and copper based on the gpt measure. no one seems to be able to deny that.
according to the article you posted, this cartel was from a neigboring state ... and within days of entering michoacan, they were wiped out .... michoacan has eliminated criminal element within its state
you're two years behind on the lawless state bs
last year the state wiped out the criminal element
doesn't seem to be effecting some of the neighboring properties which are being mined successfully
let me point out that this discussion about getting "slapped" with a letter from the sec is such bs:
1) report hasn't even been written - so how does anyone know what will be wrong with it at this time
2) a disclaimer stating it has not been filed with the canadian govt. makes it okay
3) the slapped part is true bs - sec sent a letter asking uspr to change the wording - uspr did --- NO FINES, NO SANCTIONS --- WHERE IS THE FREAKING "SLAPPED"
4) AND FINALLY --- AND MOST IMPORTANT --- THIS REPORT IS TO HELP ACHIEVE EITHER A JV OR BUYOUT (PREMATURE ON THE BUYOUT, SINCE THE DRILLING COVERS ONLY 113 ACRES OUT OF 39,000 ACRES --- ABOUT .3% --- THAT'S 3/10'S OF A PERCENT) ANYBODY DOING A JV OR BUYOUT WILL SURELY HAVE A GEOLOGIST CHECK THE REPORT --- AND I'M SURE THE GEOLOGIST AND THE MINING COMPANY DOING THE JV OR BUYOUT WILL CERTAINLY NOT BE MISLEAD --- SINCE THEY KNOW USPR IS A U.S. COMPANY - AND CAN'T FILE WITH THE CANADIAN GOVT.
for those who haven't bothered reading the sec letter, this is the key sentence:
"or by adding language clarifying that the report has not been filed on SEDAR for review by the Canadian authorities as is the general practice by Canadian filers."
so calling it a technical or geologic report compliant with 43-101 is okay as long as they add the above disclaimer - that it has not been filed with the canadian authorities
here are my thoughts ...
uspr will eventually be worth the buyout price .... based on how much gold, silver, and copper (btw, imo, the silver and (especially) copper amounts combined could be worth almost as much as the gold) on the property.
and once the new report on the 113 acres is out in a couple of months, we will start to see how much gold, copper, and silver is there.
looking forward to new assay reports in next few days ...
let me simplify ...
in order to prepare a 43-101, there are certain rules and guidelines.
" prepare a Technical Report compliant with NI 43-101 "
btw, compliant is defined as following rules and guidelines.
to get the 43-101 approved is a totally different question. uspr never said they would try to get it approved - obviously, because they are not a canadian company.
i honestly don't understand why this is so complicated.
AT NO POINT DID USPR EVER SAY THAT THE TECHNICAL REPORT WAS/WOULD BE APPROVED BY CANADIAN GOVT. SO THERE IS NO MISLEADING.
uspr is using drilling data to produce a technical report in the near future. it is modeled after / or uses 43-101 guidelines. so it looks like a 43-101, but is not going to be filed with canadian govt - because they are not a canadian company.
WHY IS THERE A PROBLEM IF USPR USES A WELL-RECOGNIZED REPORT FORMAT FOR ITS TECHNICAL REPORT?
and like i have said multiple times - shouldn't you wait for the report to be published before anyone claims the sec will send uspr a letter....
NO AFTER HOUR T TRADE
heavy volume ....
no seller chasing down to the bid for large chunks ....
is the convert seller done ?
in case any of you are wondering why i'm looking at convert seller? i've stated this multiple times.... once convert seller is done, imo, pps will recover from artificial low. we'll see.
funny ... that's not how i interpret it.
"compliant with" does not equal approved by.
to me, "compliant with" means they followed the standards set forth by the 43-101 statutes.
SINCE THEY ARE NOT A CANADIAN COMPANY, HOW COULD THEY EVEN APPLY FOR APPROVAL?
i still think one should wait to read the technical report, before stating that the sec will be sending them a letter.
that's your interpretation. plus that is not what uspr said.
"prepare a Technical Report compliant with NI 43-101". - uspr's words
NOT a "43-101 compliant report". - your words
there is an obvious difference, open to interpretation.
like i said, you might want to read the report before you predict the sec will send uspr a letter re: a report that hasn't even been written yet.
the assay results aren't completed yet. the technical report hasn't been written yet.
and you are predicting the sec will send uspr a letter re: the technical report???
don't you think you should at least read the technical report before you predict what the sec will do about this report?
"assay results in the coming days" --- not weeks... not months
so i guess the wild conjecturing that the assays would not be completed because uspr ran out of money, was wrong ....
another interesting bs trade ....
150,000 @ .05 pre-market - with bid/ask on level 2 @ .06/.0675
USPR Announces New Mineralized Zones and Expansion of Existing Mineralized Zones
http://ih.advfn.com/p.php?pid=nmona&article=68289038&symbol=USPR
once again, interesting trading pattern .....
definitely not following pattern set up by convert seller ....
first, heavy volume with NO after hour t trade (so far)
second, not much hitting the bid - and there were some large volume bids that the convert seller had gone after in the past
once again, the obvious question is, is the convert seller done ? if it is, expect to see some more positive pps movement
interesting first trade ....
200,000 @ .055 @ 9:32
only problem is, the bid/ask was .062/.067 at the time .... and there were a few other bids between .055 and .062 on level 2 at the time .... so obvious question is why didn't the bids above .055 get filled
more subtle question is, was this a bs trade ?
same pattern ....
cdel on ask all day
heavier volume
trades grabbing large bid size
and an after hour trade settling the converts sales for the day
but t trade was smaller than usual .... after 2 days of no after hour t trades ....
looks like convert seller is running low on shares ...
we'll see
who said the convert seller was done? are you saying the convert seller is done?
"now that the converts are done"
you might be right though ... this could be the last shares ....
interesting....
there has been a bid size of 145,000 @ .065 for over an hour ...
when the convert seller was selling, it would have been gone in minutes, if not seconds ...
so far, volume much lower than the average for the last few weeks ...
wouldn't be surprised if we don't see a settlement trade today either ...
we'll see ...
SO WHAT DOES THIS ALL MEAN? IF THE CONVERT SELLER IS DONE, I EXPECT THE PPS TO RECOVER TO ITS PROPER LEVEL ... NOT THE ARTIFICIAL LEVEL IT IS AT NOW DUE TO THE HEAVY SELLING PRESSURE FROM THE CONVERT SELLER ...
we'll see ...
for starters, the company would obviously know when the shares were converted ...
and one other point that was overlooked... why would they convert the debt to shares, if they weren't looking to sell the shares immediately? as long as it stays debt, they get interest.... what possible benefit would it serve for the convert sellers to convert, and just let the shares sit idly - vs. leaving it as interest bearing debt
and since we are in agreement that the convert sellers are in it for the guaranteed percentage, they don't get their percentage until they sell the shares ...
actually i can prove one way the company could know exactly how many shares the convert seller has left.
it is obvious that the company would know how many shares were converted and who the shares went to. and they could also order a nobo evaluation (not sure if this is the exact terminology) which would list how many shares the convert holder has left - within a week.
except for a couple of early trades, no one sold into the bid all day ...
cdel off the ask most of the day (and never with more volume than 39k)...
very low volume for the day...
no after hour t trade ... PLUS
throw in yesterday's very unusual midday settlement trade ...
maybe we are seeing the end of the current selling by the convert seller
since they have dropped the rtc/pth deal re: plasma .... why would they continue to have it on its website .... kudos to uspr for keeping their website up to date
btw assuming the previous post was accurate, means almost 500,000 of the 627,000 volume so far involved the convert seller, and the settlement ...
besides the convert seller, not many interested in selling, imo
interesting what happens when the convert seller is done ....
looks like convert seller was done early today ---
247,985 @ .060847 was not a real trade - most likely an early settlement -
probably included settlement of the 67,985 trade a couple of minutes earlier - if not, amazing coincidence ....
btw, cdel also went off the ask at the same time
"USPR should just simply separate themselves from nonsense stuff like plasmafication, and focus on the drilling results if they want any credibility as a legitimate junior exploration firm."
that is exactly what they are doing .....
First, I don't think there is much left from the convertibles....
Second, I don't understand why the lawsuit will prevent investing in the company once new technical report with new drilling results is out - assuming numbers are awesome - which they appear to be so far .... THRU A JV DEAL
ONCE AGAIN, I DON'T UNDERSTAND WHY AN ENTITY LOOKING TO DO A JV DEAL WITH USPR WILL BE DETERRED BY THE LAWSUIT. THE ENTITY COULD/SHOULD/WOULD OBVIOUSLY HAVE THEIR LAWYERS LOOK AT THE FACTS OF THE LAWSUIT....AND IF THEY CONCLUDE PANE/SPANO HAS NO CASE, WHY WOULD THEY BE AFRAID TO INVEST?
interesting tidbit .... stock has been getting pounded due to convert seller selling maybe as many as 8 million shares (BTW, THIS IS TOTALLY ON PANE - THIS CONVERSION DEAL WAS DONE WHEN HE WAS CEO) ... yet when the only bad news that has been announced in months - years - comes out - STOCK DOES NOT DROP ...
SINCE THE BAD NEWS WAS ANNOUNCED, STOCK HAS STAYED LEVEL ... a lot of people know this stock is grossly undervalued .... and artificially priced here by the convert seller dumping (which seems to be very close to done)
another interesting tidbit .... (don't have exact numbers) at 4, about 181,000 shares had traded ... after hour trade of about 145,000 ... only about 36,000 shares were sold by non convert sellers yesterday ...
if you eliminate the convert seller (and if he is done, you can eliminate him), there are a lot more buyers than sellers left....
a lot of hypothetical bs re: the lawsuit
first, $5,000,000 payment was NOT made = default/breach of contract
second, plant was never built at 29 palms ... therefore, not operational = default/breach of contract
third, let's not forget this was a rewrite of the original contract - because they never met any of the original deadlines - that's why it went from 300,000,000 shares to 125,000,000 shares - shows a pattern that rtc/pth never had any intention of meeting their part of the contract
fourth, does anyone really believe the bs that the reno, nevada plant will be operational --- ever ???
btw, once i knew how much gold was on the property, i was never in favor of the plasma deal ... i was ecstatic when they rewrote the deal - at least, it saved 175,000,000 shares ... did i believe plasma would ever get done - early on ....but not in the last year or so
some people said they were here for the plasma deal .... i always said i was here for the gold ....
check out barry (barrington) schneer