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!
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.
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.