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1manband

04/29/18 9:06 PM

#134978 RE: Ferda #134923

Ferda, I read your post and immediately identified not one but TWO of the most common types of mining stock scams in it.

Anytime a company assigns a dollar amount to in-ground minerals it is fraudulent. ALWAYS. Not only is such claims strictly prohibited under every single mineral reporting regime, it is also prohibited by every professional association of mineral professionals. It is guaranteed to be a scam.

The other massive red flag is the "proprietary recovery technology". Again, an almost sure sign of a scam. That is how scammers explain away every legitimate company's inability to find or produce minerals from that property. For every new mineral recovery process developed an in use in the last 100 years, there are hundreds, if not thousands, of fake and fraudulent ones.

The State of Nevada, in conjunction with the BLM, published a good basic primer on mining frauds. Although the document is 20 years old now, it is absolutely still relevant. It can be downloaded for free in .pdf form (paper copies cost $4) from:

http://pubs.nbmg.unr.edu/Gold-from-water-and-other-scams-p/sp022.htm

It should be required reading for any penny mineral stock investor BEFORE they invest a penny in the stock.