Replies to post #13290 on US Precious Metals (fka USPR)

[russo123]

You got that right. USPR spent $1.59 million for the 3 months ended November 30th on general and administrative expenses. And $3 million in the last 6 months.

How can a early stage exploration company that, as of now, has no mining or even drilling expense, and who had a jv partner allegedly pay for all the scanning and surveying, spend $1.54 million in 3 months on general and administrative stuff??

That's a heavy load to carry with it being years away from a feasibility study.

[Huggy Bear]

Looks like another gold mining scam that has one purpose - Insider enrichment at the expense of the public.

Plasmafication. Sheesh.