Santa Fe Gold, page-40

The following is a copy of a SFEG shareholder comments on yahoo finance (SFEG) ; quote :

"Any suggestion by cooke's crew that 6 year mine life is assured by indicated and inferred resources borders on fraud. Suggestion of 2014 production from summit won't happen either" ;

"Summit never has had "proven reserves" [economic viability] even at substantially higher metal prices";

"Any accessed and developed areas able to produce positive cash would have been mined out prior to shutdown last november so lots of drifting and definition drilling before any future ore could be produced, if anybody can be convinced to throw good money after bad".

To me it suggest that there is no JORC compliant resource due to limited drilling on the Summit Project.