PHI Group Inc (PHIL)

[dweasel92]

Fraudulent, unless he had an independent engineering study that values the mine at 21 billion dollars prior to him even purchasing the mine, so far prior, in fact, that there's no way that valuation would have ever considered the chance of an ico. Meaning, there is no real reason you assume anything fraudulent about the valuation. I'd be more skeptical of a more recent valuation now that there's something relying on that data. But that's my opinion.

And for both our sakes, this will be the last about the mine valuation, since the value is meaningless. Only thing we need to know is how much they've pulled out, which will hopefully be answered in the next few weeks. If the next report says we haven't found anything, but keep buying because a 2010 study says we will, then I'll jump to your side of the skepticism line. For now, I still believe they're pulling out gold or else, you're right, we're donks. $PHIL