EFuel EFN Corp (EFLN)

[rbtree]

Everyone including the nearly illiterate Russian family behind this laugher of a company needs to learn how a gold company is valued. Whether an issuer is a SEC filer or not, they can not put a dollar value on their mineral resource, even if a full feasibility study has been done and a production decision made. In this case, this company has no resource, let alone proven reserves. They do have some claims perhaps, according to them, but I've not seen any proof of actual ownership. These claims have not been mined for 100 years or more, and, at the time, most of them were small operations. As zero exploration has been done since, it would take an amazing amount of work and money to get even one of these old mines to an advanced exploration stage, let alone into production.

As well, there is no commercial mining anywhere in the Siskyous, and only four active mines in all of California. None of this company's claims will ever be added to that list.