Asia Broadband Inc (AABB)

[gitreal]

Yes, lots of troubling issues brought up in that report. Lack of permits, pissing off the local folks, had their drilling shut down. QA/QC problems, no geologist on site during drilling, etc.

But two things stand out......the AABB PR, as they usually do, misquoted and misinterpreted the report findings. They took the inferred resources (silver mostly, some gold), multiplied by the current metal prices and tried to make the case the property has a resource worth $10 million. The technical report never says that, Micon knows better than to apply a dollar value to in-ground resources. But AABB figures most of their investors are pretty gullible...so posted the dollar amount anyway. Fortunately, it appears that some AABB investors are on the ball, and understand that the $10 million value is........BS.

If it takes more to mine the metals than they are worth, what's the point?

Not to mention that the report points out how tiny this deposit is. No legit mining company would be interested in something so small, so remote, so lacking in infrastructure.