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i-Glide

01/12/12 12:58 PM

#3688 RE: prayerful #3685

No, I do not believe everything I read. People can post all kinds of stuff on the many web sites that are out there.

Yes, and thanks for the advice that 'what we read on company web sites can't be taken at face value until confirmed by 3rd parties.' Investors should know to do what is called DD- that is do their own "DUE DILIGENCE" They are told this many times by the investment community. They should do this and it is their responsibility.

It was good to have INDEPENDENTLY, personally contacted the Arizona-licensed geologist, Craig Parkinson -who did a "VERY CONSERVATIVE" evaluation of part of Nissi's GOLD mine reserve potential and "VERY CONSERVATIVELY" estimated 1.8 million ounces of GOLD there. 1.8 million oz of GOLD at today's price of aprox $1650 an oz is $2,970,000 That's aprox 3 BILLION DOLLARS "VERY CONSERVATIVELY" ESTIMATED!!

It was good to actually see his report also. It is good that our fellow poster and investor here -kookiekook- has a BS in geology. He is a source we trust here and we know that he will speak his mind even if it seems negative against the company. He reported that Craig Parkinson's data fits in with geology science.

Also Nissi Gold mines are in Yuma Arizona and is a USA based Gold Mining Company opertion. Make a difference??? It does. A lot of Gold mining companies (That even have great stock performance of several dollars per share) have mines in far flung countries like Mongolia, China, etc or in countries where the political structure can change overnight. Some of these companies can still have a very high PPS!

However, Nissi mining operations are in the United States- right here. If someone wants to travel to see the site. It is possible. Tell me about trying to go see a mine in Mongolia -with the distance involved, the money involved to get there and the political climate.

Kookiekooks post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70816245

This statement -Quote: make up some cock and bull story about sitting on gold deposits worth billions of dollars-
is so far off the mark, it simply confirms your failure to do even basic Due Dillegence.

I have reviewed the claims, the geological report and the operational plans. Then I compared them to Geological reports by the Arizona Bureau of Mines, the Arizona Geological Survey and the USGS. Everything appears in good order. In addition, the Geological investigation and report was handled by Gregory Parker, who has a Professional Geologist license. For those who are familiar with this title a Professional Geologist is essentially the same as a Professional Engineer. His qualification are essentially the same (only the area of expertise is different) and he has the same professional obligations.

Now granted the lenticular shape of the gold deposits in the area, make it more difficult to determine the full amount of gold and other precious metals, Nissi and Parker have used a very conservative figure when calculating reserves. They used 10% of the average amount of gold found in the samples analyzed. This includes samples containing little or no Gold. I would expect if someone was merely making things up as in a scam, they would not report any samples that failed to contain precious metals.

A Gold Mine as with all new ventures is subject to failure due to a number of factors, but the reserves they state appear to very real.

Oh in case you are wondering whether I have the qualifications to make a judgement of the reports, I have BS in Geology but I am not a Professional Geologist. I have yers of experience working in the environmental area both in private idustry and the government.

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jamarketing

01/17/12 10:11 AM

#3707 RE: prayerful #3685

Prayerful, Auditors are highly unlikely to manipulate their audits since a minor inconsistency can put their entire career at risk. Especially when it comes to small clients like Nissi and Monkey Rock. It is only when large corporations are able to entice the auditors with millions of Dollars that they are willing to skimp on their ethics.