Replies to post #119345 on Fortress Financial Group fka FFGO

[mathias1]

Even with all that, a lease on a claim isn't worth more than a couple of million dollars.

[jufel]

Have you ever heard of Inferred Reserves?

"Inferred.—Estimates are based on an assumed continuity beyond
measured and/or indicated resources, for which there is geologic evidence. Inferred resources may or may not be supported by samples or measurements."

"Reserve Base.—That part of an identified resource that meets specified minimum physical and chemical criteria related to current mining and production practices, including those for grade, quality, thickness, and depth. The reserve base is the in-place demonstrated (measured plus indicated) resource from which reserves are estimated. It may encompass those parts of the resources that have a reasonable potential for becoming economically available within planning horizons beyond those that assume proven technology and current economics.

End of the Issue

...and no problem...you are welcome

Have a nice weekend!