Bing Maps - Komis

Bing Maps finally updated the Waddy Lake area, including Komis and Golden Heart. This is the latest update, from April or May, 2013. No major updating of the road to Golden Heart appears to have been undertaken over the period that the company claimed to have done this work.

Instead, a very intensive drilling campaign in the Round Lake area was under way, where all of the equipment is concentrated. No major bulk sample of the Komis area was done, and no 187,000 tonne stockpile of ore grade material was ever assembled. Instead, infill drilling over an extensive area both North and South of Round Lake was completed, and only very recently.

EP Zone was open-pitted and a very small ore stockpile and large waste rock stockpile can be seen. None of the glacial till was reclaimed.

What this confirms is that Komis is much larger than stated in historical and NI 43-101 data.

Two conclusions can be reached with this photographic evidence. All of the activity claimed about Golden Heart and Komis in the last two years is a complete and utter fabrication.

Ore claimed to be in stockpiles is probably in stockpiles near Roy Lloyd, and still in the stopes of the mine. That means ore still in the mine has already been depreciated and added to the liability side of the balance sheet, confirming and adding to the glaring asset-liability mismatch. Very little in the way of changes to stockpiles at the Lloyd mine can be noted.

The whole fabrication about Komis, EP, Golden Heart, Roy Lloyd was meant to keep you from knowing anything about Komis.

http://binged.it/1btosfx

$Gold Weekly

A new price flag was put in automatically by the stockcharts.com website, near June lows. So far the analysis has not changed, though we are not likely to see further propagation of a new wave formation until the New Year.

http://scharts.co/193dEYD

-F6