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Lopez, an imaginative person, graduated a few years ago, and he is currently working in...

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Finance

Lopez, an imaginative person, graduated a few years ago, and he is currently working in a gold mining company listed in the Australian Stock Exchange. His company conducted an exploration project, and the report on this project was in his hands a few weeks ago. He went to his alumni reunion party last week. The party entertains a lot of mining and mineral processing engineers. He talked about the project results at the party, encouraged his friends to invest in his company. The project report says the average grade was 3 g/tonne, but he said it was a bit less than 4 g/tonne. Can you discuss this behavior in the context of the reporting and disclosure standards?

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