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are commerce resources finished?

  1. 3,608 Posts.

    http://www.commerceresources.com/s/NewsReleases.asp?ReportID=386841&_Type=News-Releases&_Title=Commerce-Resources-Corp.-Update-of-Resource-Estimate-for-Upper-Fir-Fir-and-...

    "The resource disclosure in the technical reports previously provided by the Company for the Fir and the Verity Deposits in the "Geological Summary and Resource Potential of the Fir Carbonatite Property, Blue River, British Columbia", prepared by Ruben S. Verzosa, P.Eng. dated March 6, 2003 (amended November 30, 2004) and the "Technical Report on the Upper Fir Tantalum-Niobium-Bearing Carbonatite" prepared by John Gorham, P.Geol. dated June 20, 2007 are not compliant with National Instrument 43-101 and the previous resource estimates for Fir and Verity should not be relied upon."

    Says it all about commerce to me their resource estimates cannot be relied upon.

    Amazing that Commerce have got away for things for so long really, and sucked in so many North American investors and so called experts.

    Hopefully Gip can now get some recognition now that Commerce is being exposed.

    http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1108350&msgno=5061168#5061168

    http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1087404&msgno=5037015#5037015

    Robert
 
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