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Bruce the Stock Guy

01/22/13 12:42 PM

#25508 RE: oilfieldmafia #25507

They call it reserves although they have not touched it. GYST is using the term in the same sense<<<$GYST..Most dont have a problem with it.. If it were a proven reserve our PPS would be in the Dollars!
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lucky, mydog

01/22/13 12:43 PM

#25509 RE: oilfieldmafia #25507

lolol. if you are such an expert then you know that chk has "proven" reserves. gyst has "proven " nothing. being the expert in the field that you are you know that the term "reserves" has very strict and specific meaning.
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GeorgeTheStub

01/22/13 12:54 PM

#25528 RE: oilfieldmafia #25507

true, but the cost of extraction may far exceed the value of whatever gold is present. This thing is basically a B-team paid pump - nothing more. With Asher convertibles weighing on this thing it is doomed from the start. If Asher were to suspend converting any shares for a year or more THAT would be a strong indication that these gold reserve estimates have some legitimacy.