financial projections, page-73

Swami.....

The other posters have highlighted your errors on production, but thought I just might correct one other small point in your post....

Do you have evidence that the reserves reporting for MAD is not correct?

This argument has been put on the MAD forum many times (by IMO downrampers) and no one to date has come up with either a reasonable explanation or evidence of that view.

The consultant who put his name to the reports has put his money where his mouth is, so how about you do the same if you have evidence? In fact if you have evidence then I am sure the SH's of MAD would love for you to take this to the authorities for them!!

Another small fact on those reserves reports......Insto's forked out $50m (at a price of $1.02) last year to buy into the Maverick plan based on those same reserves reports and I am sure that that would have done far more due diligance than any of us would ever do!!