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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC.
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To: Uncle Skippy who wrote (3859)5/20/1999 5:39:00 PM
From: Henry Volquardsen   of 4128
 
What is generally done in the mining industry to determine the value of reserves is to do what is called a mine feasibility study. An independent engineering firm will do the drilling. Tey will then turn over a material to an independant lab that will analyze the ore, determine the amount of mineralization, and then do an analysis of how difficult the material will be to recover. After this is worked up you will get a good idea of the value of the reserves. The process is time consumming but the only real way to know what you have.

I'm not saying ABFG or the previous owner haven't done that, just that that is what you need to do.

Once we as investors see who verified the resource we can then research how reliable they are.

Also institutional investors will want to see a mine feasibility analysis.
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