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Jahred

03/08/12 12:28 PM

#14595 RE: 49erminer1 #14591

49r -

"the ore reserve estimate will conform to SEC Industry Guide 7 requirements" .....


I think you are full of Bull. There is no way meaningful work has been done on this property that is in conformance with present day standards. Do these supposed estimates comply, for example with Canadian 43-101 rules and regulations? You are suggesting a feasibility study has been performed on Excelsior?

That's outrageous BS. SEC IG 7 is largely definitional.

It states in part that ...

3. Estimates other than proved (measured) or probable (indicated) reserves, and any estimated values of such reserves shall not be disclosed unless such information is required to be disclosed by foreign or state law provided,

Any work done on Excelsior absolutely does not meet Canadian standards, which are accepted internationally, and further you are not required, and therefore are forbidden to disclose these in publiclly disseminated information.

49r ... You are gonna end up in the cell next to Klok if you arent a good bit more careful.