I’m new to investing in stocks but I am a data analyst and silver bull.
I was researching Unico, and found that their recent Joaquin acquisition, they declare a foreign resource estimate of 67Moz silver and 64koz gold, based on the Coeur Feb 2013, NI43-101 foreign estimate. But Pan American Silver, who Unico purchased the Joaquin asset off and who put the asset into production, released a NI43-101 in November 30 2017, after further drilling the asset and state a resource estimate of 11.8Moz silver and 7.6koz gold.
To me based on the chronological events of NI43-101 the 2011 is superseded by the 2017 making the current foreign resource estimate overstated by 55Moz of silver and 56koz of gold.
Can anyone tell me why they have reported this way?
USL Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
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