the Tailings Pond has a historic estimate of 0.7oz per ton of silver
Which is uneconomical to process. It's meaningless.
The 40 material in the 2012 report was never shipped to a smelter. No millions of revenues the past 2 yrs. Just more debt piling up. Same could be said of the 38 material. Those ready made revenues never happened. It's all imaginary.
No? Then why was Golden hired in to re-do all the assays? For fun?
What are the odds Duncan will be brave enough to claim proven reserves in the coming 10K? Give 2015 guidance on production, and revenue like a real silver company, instead of a microcap scam? Until then, one is calculating against the imaginary.