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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (148302)3/26/2011 5:33:11 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 206325
 
PaulS, NiMin Energy (NEYYF.OB) -- Great catch on the # of shares out.

Regarding reserves, just to make things even more confusing than normal, NiMin needs to continue to report on a Canadian basis, which means reserves are net to the working interest (i.e. gross of royalties), as compared to the US basis, which as you know reports reserves net of royalties. I believe GHS, being a US broker, has attempted to "adjust" NiMin's reserves to the US basis, for ease in comparision to other US companies.