Zeev's Turnips Patch-No Politics (ZEEV)

[Claude Cormier]

All I can say is that I never liked their promotional style. I never really analysed their gold assets.

This is not typical at all of juniors.

BTW, that (the juniors) is where the big money is made, especially now that producers are all at least fairly valued and will move up and down with the price of gold.

<Is there a lot of room for cheating? >

With OTC bulletin board stocks, I think ther is some room as the SEC is not very vigilent on promotional activities of juniors. I mean a company can advertise 5M ounces in gold proven reserves even if they have not been proven by rigourous methods. There are living examples. But this is not the situation on Canadian exchanges. This doesn't mean that there are no very good US juniors.

<How reliable are the publicly available estimates of the proven/estimated gold reserves? >

I would say they are very reliable for Canadian juniors if they certified by independant professionals. But one must understand the various categories of resources/reserves.