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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > John Helmer's Latest ...
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Post by dagold on Oct 12, 2010 12:52pm

John Helmer's Latest ...

suggests that Prognoz might have been used to double Nord Gold's (Severstal Gold) Russian resource estimates.

https://johnhelmer.net/?p=4195

dagold
Comment by ThyFish on Oct 12, 2010 2:17pm
John Helmer Article quote; "Prognoz, have suggested resources of between 94 million to 194 million oz. Converting these numbers at the current silver to gold price ratio, Prognoz may hold a mineable gold equivalent reserve from 1.94 million oz to 5.34 million oz. But then again it may not."I realize that Prognoz ownership is still in court and that the resources are unproven, but if ...more  
Comment by missouriminer on Oct 12, 2010 3:36pm
   As ThyFish has stated I don't think Severstal would take the chance on being fraudulent in their statements. The chance on being called out on it would be far to damaging to the upcoming IPO, IMHO it is reasonable to say IF? Prognoz resources are being counted towards HRG (Severstal) resources the court ruling is in our favor.
Comment by Gbug1 on Oct 13, 2010 3:28am
John Helmer is a clueless guy and has always been. The resources of Prognoz are well established. His anti-Severstal rhetoric might have been helpful to minorities one year ago, but certainly not now
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