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Re: hinkydink post# 4026

Friday, 04/06/2012 11:33:39 AM

Friday, April 06, 2012 11:33:39 AM

Post# of 13993
Well you can perceive it that way all day long...it still doesn't make it true. There is an industry standard definition for "proven reserves". There is no need whatsoever to make up new resource categories all of your own and every reason to NOT do so...for a legitimate enterprise. The reasons why these standards were put into place was to reduce the chance that scams could be perpetrated upon investors. The one reason why you would want to purposefully avoid operating to industry standards is clear but that is the one thing here people apparently do not want to see. Good luck with that.

Here is a sample of what comes out of a real PEA, which is a MINIMUM REQUIREMENT to call any reserves proven:

http://finance.yahoo.com/news/extorre-announces-results-cerro-moro-141000200.html