IKN

saucy doubts and fears

Mining PRs and the Ottotrans™, Part 98

 

It’s number 98 of our occasional series and this time we take the information buried at the bottom of today’s Arizona Mining (AZ.to) NR and tell you what it really means.


This is what they wrote:

Also,
Arizona Mining would like to clarify certain statements made in its
January 12, 2017 news release regarding the potential sale of
concentrates from the Taylor Deposit, specifically comments made by
Orion Mining Finance and Ocean Partners, USA Inc. The Company would like
to remind the reader that the Company has not yet completed a
preliminary economic assessment (“PEA”), or a mining study such as a
preliminary feasibility study or feasibility study that supports the
technical feasibility or economic viability of the Taylor Deposit
including the marketability of the concentrate from the Taylor Deposit.
While
the Company is currently working on a PEA expected to be completed by
the end of the first quarter 2017, and further metallurgical test work
on its potential concentrates, the reader is cautioned that a PEA is
preliminary in nature and includes inferred mineral resources that are
considered too speculative geologically to have any economic
considerations applied to them that would enable them to be categorized
as mineral reserves. In addition, there is no certainty that the
preliminary economic assessment will be realized.

And this is what it means:

We deliberately bullshitted you the other day, suckers. We knew what we were doing was against the BCSC and OSC rules, but decided to do it anyway because our desire to pump our stock illegally was far greater. Now we stick this at the bottom of a long NR with yet more drill releases in order to comply. So just buy our stock and shut up, dumbasses.

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