Gold Play, page-14

If GME had the JORC, Scoping Study, PFS, and BFS approvals in place it might be worth the gamble. But since none of these mine making processes are in place, and since not a single ounce is yet to be classified as Reserve, the Gold story is simply a distraction for 'this tiny company'.

A mine plan is developed for several good reasons. Not just because the BoD or members of the BoD think it improves the company's standing with sh's.