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Bullboard - Stock Discussion Forum Auxico Resources Canada Inc C.AUAG

Alternate Symbol(s):  AUXIF

Auxico Resources Canada Inc. is a Canadian company engaged in the acquisition, exploration and development of mineral properties in Colombia and Bolivia. The Company is focused on the development of properties and projects hosting critical minerals and high-value metals, including niobium, tantalum, platinum group metals, such as platinum and iridium, and rare earth elements. The Company holds... see more

CSE:AUAG - Post Discussion

Auxico Resources Canada Inc > Selecting a QP that applies best practices...
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Post by checkingit on Jun 05, 2022 2:10pm

Selecting a QP that applies best practices...

Two Master Investor Show 2022 QP presentation excerpts:
“Just to put in into perspective, the grades that were getting in the concentrates of the rare earths … in both Columbia and Brazil…. if it was a gold deposit it would be roughly …. about 10 ounces of gold per tonne material”,
How do you compare alluvial REE concentrate sample results to any gold deposit average grade except to mislead an audience by irresponsibly mixing big numbers into the narative? 

“and verify on the ground these target areas … got between 50 and 59 percent total rare earths oxides in the ground”
Forgot to mention these results are from concentrates and those numbers do not represent original total sample concentration of the REE.
Various links:
https://www.globenewswire.com/news-release/2012/06/21/1477830/0/en/MGold-Responds-to-Dissident-Shareholder.html
“…compensation paid to a company controlled by Mr. Joel Scodnick, MGold's Chief Executive Officer, are not justified…”
https://lautorite.qc.ca/en/general-public/media-centre/news/fiche-dactualites/late-insider-trading-reports-amf-sues-joel-scodnick-1
https://lautorite.qc.ca/en/general-public/media-centre/news/fiche-dactualites/late-insider-trading-reports-amf-sues-joel-scodnick-1
A QP that regularly signed off on news releases while stating in the release that the QP was not involved in the sampling etc ….
With a large pool of competent and ethical qualified geologists available to act as QP why did the company make this choice?
Comment by maryhill on Jun 09, 2022 8:42pm
This post has been removed in accordance with Community Policy
Comment by checkingit on Jun 10, 2022 7:35pm
That's no answer to the comments made directly and with potential consequences for shareholders. By redirecting the narrative instead of addressing each of the concerns you are simply condoning the behaviour which reflects on the entire group. I don't hate a single person, although I may be disapointed or discusted.
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