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jetpilot1101

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jetpilot1101

Re: 1manband post# 1802

Wednesday, 06/19/2013 10:00:55 AM

Wednesday, June 19, 2013 10:00:55 AM

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Latest from MDMN. What concerns me about this one is the following quote from their shareholder update.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89155229

Visual observation has determined the approximate size of this skarn structure to be 400 metres by 500 metres by 200 metres. This is a preliminary estimate of reserves, not proven reserves. However, judging by the competency of the copper ore zone exposed in the tunnel work, visual surface observation and the consistency of mineralization, a reasonable expectation of the size of the deposit may be assumed.



When can a mining company use the word "reserves" in their PR?

Malitia

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