It means that there is good copper there but the company is not allowed to say how much because the numbers were calculated by Amax in the 1980's and are not 43-101 compliant. Amax was one the most successful mining companies in the US at the time and so I believe that their figures are accurate. They just need verifying now by an independent (ie not Creston) source.

There is no gold. I suspect Mr. George was merely trying to say that the value of this Mo-Cu deposit was the same or better than that of a gold deposit of the parameters he quoted. Gold is the 'sexy' mineral among penny stock companies unlike Mo so it appears he was trying to say that the Creston deposit was as a valuable or more valuable a deposit than many gold deposits. Some investors can only be convinced of Mo's value by analogies to what they know most about (ie gold).