Fortress Financial Group fka FFGO

[RoadLessTraveled]

John, perhaps you missed the reference to "no proven or even probable gold reserves"? That would render the claims virtually worthless and the entire dividend moot. Perhaps, as a shareholder, you were given a report that disproved the following?

Searchlight Exploration's Own Report Of PROVEN/PROBABLE Bouse & South Copperstone Reserves

For those looking for the truth about claims valuations that should be based on proven or even probable reserves on FFGO's two properties' interests, here are the declared reserves from the claims holder itself, Searchlight Exploration:

Bouse Property
COMMODITIES: Gold, silver, copper.
RESERVES
PROVEN: None at this time
PROBABLE: None at this time
INFERRED: 5,000,000 tons @.05 to .1 oz / T at Little Butte (oz of gold as inferred in the Colliston Report)

South Copperstone Property
COMMODITIES: Gold, silver.
RESERVES
PROVEN: None at this time
PROBABLE: None at this time
INFERRED: None at this time

Sure looks like Searchlight itself never found anything meaningful in the data from the Colliston Report, maybe because it included such vague, inconclusive language as this:

"suggest further potential..."
"inferred reserves..." (used multiple times)
"strong likelihood..."
"It looks like..."

In fact, Dr. Colliston's report was simply a historical account of those properties. It was the source of some inferred figures and did not include any recent findings which would had to have been the basis for any credible valuations. If any assays or feasibility studies had been done by FFGO, or anyone else for that matter, they certainly had never been made public for as long as FFGO held interests in those claims and promoted their Extraordinary Dividend. (For a more detailed analysis of FFGO's valuations, read this post)

So, here we have two "valuable" properties that were heavily promoted by FFGO management as being worth hundreds of millions of dollars when Searchlight itself described them both as having absolutely no proven or even probable gold reserves.

QUESTION: Why would anyone ever pay that kind of money based purely on one Inferred gold reserve?

ANSWER: Sound business practice & simple common sense say they wouldn't...and there certainly isn't any evidence of that to the contrary. But FFGO sure made it sound like it was a no-brainer, didn't they?

A question to you, John: Where do you believe that quarter billion dollars is coming from to pay that 3499% dividend in full? Or even a half billion dollars which might now be the case when you suggest FFGO saying that the dividend "will be twice as much as we had said."

NSS certainly has nothing to do with preventing shares in those properties from being sold for any amount of money, right? Just, according to you, its distribution to shareholders?

Or do you perhaps believe that the deal has already been completed and that NMGL is just sitting on the proceeds from the sale of those Bouse Gold Inc & S. Copperstone Inc. shares they had bought from FFGO... while the NSS mess is being cleaned up?

References:
http://www.mcintyrebaumangroup.com/abstracts/bouse
http://www.mcintyrebaumangroup.com/abstracts/south_copperstone
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80049421