Replies to post #83151 on New World Gold Corporation (NWGC)

[rbtree]

I believe nothing of the sort.

But, if and when Miller releases the assays, get ready for a big ole spin.

I expect there will be some gold showings, but lithium? Hell no, above background. A few samples is far from enough for any real junior miner to decide to move forward into actual mining.

Proper site development takes years and costs millions. Plus, there's the EPA, MSHA, reclamation bond, geo reports, pre-feasibility studies, final studies, proving reserves; all normally required before possibly considering a production decision.

And in all that, SEC Guide 7 precludes a company from putting an in-ground value on said reserves. ( A company can not claim proven reserves without doing all of the above.)

This remains a pump and dump, imho, and little if anything more.