It doesn't matter how they said it, or what they were basing those estimates on, management of a publicly traded exploration/mining company cannot legally issue statements of valuation without a feasibility study. It is simply fraudulent.
Who was the management individual that was stupid enough to say something like that?
The technical report, unless it is a full feasibility study, cannot make valuations either. I doubt these clowns have the wherewithal or resources to pay for a full feasibility study. And I doubt the drilling was sufficient to allow for a feasibility study. Nor do I think they have done the environmental/metallurgical studies necessary to complete a feasibility report.
Remember, these are the same guys that invented the term "g/meter". LMAO.....
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