Yuka Group Inc. (YUKA)

[jbsliverer]

Judging from your posts here, DD and Support Board, and other places, your knowledge on these things are probably better than most. But where I went was to the money and IFC (International Finance Corp, division of the World Bank) for connection to what ASM (artisanal and small-scale mining) is. Specifically the Latin American countries such as Mexico.

Interesting if one likes actually doing real DD and research and not just going on pink fluff company PR's (which are ALWAYS bs) and dreams of riches from P&Ds. Some of what I found is

There is no formal definition for ASM, but it is broadly understood to refer to mining activities that are labour-intensive and capital-, mechanization- and technology poor.
Attempts to define ASM activities on the basis of human resources, production, capital and revenue have all proved impossible due to the wide variety of minerals mined and the heterogeneity within the sector.

Now even though there is no formal definition, it can be extrapolated that an ASM is no operation for such projections by CRWV, that's for sure. When it comes to talking about Billions of dollars, an example would be

In Africa alone it is estimated that gold and gemstones worth $1 billion a year are produced by the ASM sector.

That's the whole country of Africa which is multiple times more productive than the whole country of Mexico and the numbers came from all of gold and gemstones from the whole industry of ASM mined.

Most, however, are at the low-tech end of the spectrum and, in the literature, although there is no widely agreed definition, single-operators employing manual, low-technology methods, are generally considered ‘artisanal’. Many of these are unlicensed and quite a large proportion is considered ‘illegal’, although this depends very much on the national context.

There are some issues with the governments in the Latin America countries with small scale mining that CRWV may have with the Mexican government being

considered a social and economic ‘problem’, seen as incompatible with large-scale mining projects that have been favoured by governments operating largely to the advice of international financial institutions and donors.

A little bit of reading for ones who care too and links to the quotes and figures
http://www.icmm.com/document/789
(put out by the World Bank, IFC, CASM(Communities and Small-Scale Mining), and the ICMM (International Council on Mining and Metals))

http://www.cred.org.uk/data/credfoundation/downloads/resources/research/goldenopportunity.pdf
(put out by the CRED foundation)

Now even though interesting to some on what exactly ASM is, it still doesn't deter the fact that these type of mining claims put out by CRWV are only kicked around from time to time from pink to pink for purposes to put out pump and dumps and only "mine" shares and are 99.9% of the time just lost causes and just go down from pennies to trip zeros over time (this one is doing it pretty quickly).

Trading is one thing (CRWV hasn't given a whole lot of that except for the original P&D no matter how much some want to express it has), but investment into this so called company is quite foolish of course. When a company doesn't give ALL the necessary data to do REAL DD on them and the company's claims and only based on forward looking fluff PR statements, and "hope" or speculations of what they "may" have, that should be enough to stand back on any "investment" with them.