Replies to post #43665 on The Graystone Company, Inc. (GYST)

[Montanore]

Publicly traded companies get into trouble with the SEC when they claim reserves of any kind (proven, probable, indicated, inferred, whatever), without a credible geological report. An anonymously written, very poorly documented report with sample results (like the one you alluded to) does not cut it. That report admitted that they did not evaluate or try to estimate the thickness of the "pay" zone, therefore there is no way to estimate reserves of any kind from those results.

Saying you have reserves (which are defined as economically recoverable) also requires a feasibility study, not just a geological report.

[The Yogi]

SMResources. I've read many of your posts and think that you are extremely knowledgeable. Thanks again for sharing your knowledge/DD, experience, insight, and wisdom. I don't know about others but I really appreciate your sharing.

IMO: The price(s) of "paper" (COMEX/London) gold (and silver) has been "smashed" by the "Powers That Be". However, that is all about to change with the real "price discovery" being transferred from the West (the U.S. and London) to the "physical" gold market(s) in the East/China. When that happens, we will see $2,000 or more for the price of gold. Then we will see what a real "Gold Rush" is like with the continuation of the "Bull Market" in gold (and silver). Needless to say, I'm extremely "Bullish" on gold and gold mining companies.