Do you think the regulators are going to believe that just because you see physical minerals in your DIRT that you pass the SEC Guide 7 requirements? I'm pretty sure you need an outside study done today to ensure your minerals not only exist but are economically recoverable.
You're absolutely correct - seeing visible gold in a pan is cool and all, but comes nowhere near complying with SEC guidelines. In fact, their valuations for their "reserves" at their Arizona property are based on a few surface grab samples, and NOT A SINGLE DRILL HOLE!! Apparently, they have extrapolated those few results to the center of the earth!! LOL! These guys are scammers, no doubt, and all of the pumping going on is more proof of that.