How about you show proof of reserves. Like a copy of a full feasibility study?
Here is the US regulation for reporting reserves:
Mineral reserves for a mineral property may not be designated unless:
• Competent professional engineers conduct a detailed engineering and economic study, and the “bankable” or “final” feasibility study demonstrates that a mineral deposit can be mined profitably at a commercial rate.
• Historic three-year average commodity price is used in any reserve or cash flow analysis used to designate reserves.
• The company has demonstrated that the mineral property will receive its governmental permits, and the primary environmental document has been filed with the appropriate governmental authorities.
So, show us that feasibility study on Cinco Minas that proves the reserves that SRGE is claiming. Should be easy to do, right?
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