OTCPK:PSPGF - Post by User
Post by
nonrev321on Aug 09, 2004 7:07pm
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Post# 7792048
Feasibility study & 1.5mil resource
Feasibility study & 1.5mil resourceHello all
I wrote to Jim Voisin, Simberi IR and asked about the Feasiability study as I had looked everywhere for a copy and couldn't find one. Here is his reply..
"The feasibility study is complete, but is not a matter of public record. It is to large to e mail, and I do not have authorization to provide you , or anyone else with a copy.
Best
Jim
"
It appears that it is not public. So can anyone say they have actually SEEN the Feasibility study. Is it on the PGM page? Was it in any of the documentation previously released or made public???
OR
Were just references to a Feasibility study made??
Fesss up folks.... A "Secret" feasibility study??? Come on now...
How many Jr's have you done DD on where they kept the Feasibility study secret? AND FOR WHAT PURPOSE??? Think about it... Don't let your desire for this stock to soar cloud your judgement... Please point me to ONE OTHER gold JR where they have made a decision to keep the feasibility study secret.... I've probably looked at 35-40 the past few months and if they have a feasibility study completed it was public data. After all.. If its good they want you to buy the stock don't they...
Also haven't received an answer yet to the 1.5mil reserves question... The last technical report on SEDAR(April 2003)only states M & I as 428,111 oz and Inferred as 739,792 oz. This is not resource and not 1.5mil. There is no hard data or study after this that I could find. Is this info also in the "secret" feasibility study?
Sooooooo Has anyone actually SEEN the study? ..... OR has anyone actually SEEN the technical report justifying the 1.5 mil resource figure given on the web page? Or are folks just hopeful that what is in the sales info already released is true?
Don't get me wrong, I'm not a basher, I have been looking hard at this company (Simberi) as it SEEMS they have a good property. I KNOW they have a good STORY... I don't spend money on STORIES I can't confirm though. Maybe this stock will soar... maybe,,, maybe.... maybe not... Hoping someone on this page has some answers or hard data from independent sources (as is customary) and not just.. It was in the annual report....
Thanx
nonrev