Tuesday, November 03, 2015 9:00:18 PM
Regardless, this is nothing but a regurgitated scam that's been going on for years. Now that the fraudsters have run out of private investors to swindle, they've moved on to the public sector. This appears to be at least the fifth ticker they've tried to foist on traders.
Trouble is, no one experienced in evaluating a junior mining company and its projects would give this more than a cursory glance. Especially when they find out about the preposterous claims of placer material worth hundreds of dollars per ton--or yard.... Then, there's the laughable boasts that Barrick and Newmont are big in the area--they are, but not in placers, period. For instance, the now declining Carlin Trend is surface mining, but it is bulk stripped and treated via heap leaching...and is profitable at grades as low as .002 opt. If there were a single placer deposit anywhere returning grades of 0.15-0.3 as is claimed, the majors would have snapped them up years ago.
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