Re: I hadn't heard of this tech. Interesting
in response to
by
posted on
Oct 14, 2013 02:03PM
Combining Classic Mineral Exploration with State of the Art Technology
Thank you.
With all due respect owed those seemingly well qualified officers and directors (based on a cursory review of their credentials), I've always been suspicious of press releases announcing "news" based on results from proprietary processes. This is often what one finds in mining frauds, though I am not claiming fraud to be the case with USPR - I haven't followed it.
However, and while on the subject of "proprietary processes", note especially pages 20 and 23 in this document. http://www.mines.az.gov/Publications/ofr02-20.pdf
In the first case, that company was one of the highest fliers on the Amex in the 1990's, before it came crashing down from FOURTEEN dollars per share. The main owner/promoter there escaped prosecution and moved on to similar promotions from Australia.
In the second example, the operation is still around under another name (Nevada Mining Corp.), and with some of the same principals behind it. They were able to "prove" value and get what seem to me to be worthless claims renewed by creatively coming up with an offtake agreement. But in the 6 or so yeas since then, nothing has been produced. This last traded in September, 100,000 shares at $0.0001 (TEN DOLLARS) - six billion shares out.
Just a "for what it's worth."
VP