Mining Company research board

[gitreal]

So, in Canada, you really can get in trouble for appraisals of "in-ground" resources? How often does the SEC go after these kinds of appraisals? I know someone in Prescott that has issued many of these phony appraisals in the last 20 years, including two that are currently being traded by GDSM.

In one case, Silverado said it had identified $41.2 million worth of "inferred in-place antimony resource" in just one small segment of its Alaska property.

Under pressure by the commission, it admitted this estimate "does not consider factors such as costs and, as a result, overstates the potential value of the deposit."