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  • keepshorting keepshorting May 5, 2012 7:44 PM Flag

    Doody's fact sheet on GORO is up to date

    It just looks kind of stupid to have done a 43-101 when they didn't need to, then claim the 43-101 (well, not really the complete report, just the handpicked summary) doesn't really accurately portray the deposit
    finally someone with brains. and this is exactly what i said the Reid's would do. they would get horrific results and then shift the blame. this is the biggest scam i have seen since the BRE-X days. I am now using the word SCAM freely because I believe it is one big scam.

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    • I wouldn't call it a scam. Bre-X was a scam. They've got a nice polymetallic vein deposit and a mill. They're producing metals and making a profit. They've got some other properties that might also produce some metal. It's just not looking like it's going to be everything hoped for (hyped for?). Not the first time that's happened in the gold business. The 43-101 actually does everyone a favor by attempting to calculate the future decreasing grades that shareholders might only have seen a few years down the line. Had Reid not done the 43-101, they could use have continued to use their polygons to come up with higher numbers for at least a few more years.

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