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commerce res. misleading shock horror?

  1. 3,608 Posts.
    http://www.commerceresources.com/s/NewsReleases.asp?ReportID=381034&_Type=News-Releases&_Title=Commerce-Resources-Corp.-Clarifying-Resource-Estimate-for-Upper-Fir-Tantalu...

    "As a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure."

    " The 175 g/t cut-off reporting base case is highlighted.
    Mineral resources which are not mineral reserves do not have demonstrated economic viability.
    Not all tonnage will be recovered in mining, nor will all tantalum and niobium values be recovered during milling and processing."

    "The program was completed on September 10, 2009 and results are pending. When received in total, they will be used to update the resource model."

    The "Independent Technical Report, Upper Fir Property, Blue River, British Columbia, Canada" is currently under review by the BC Securities Commission and will be filed on SEDAR (www.sedar.com) once their review is completed.

    Well i am no geologist but it looks to me like Commerce may have been caught with their pants down. Of course someone may have complained that they were downplaying how good their deposit was ha ha ha.

    Mind commerce would never stoop to bending the truth would they...

    http://www.commerceresources.com/i/pdf/CCE-Presentation-January2010.pdf
    page 8

    Of course i may be unduly suspicious and cynical from reading to many Propaganda broadcasts, sorry news releases from commerce in the past.

    Robert
 
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