Re: Perfect Storm--Been There
in response to
by
posted on
Feb 03, 2008 08:43PM
The company whose shareholders were better than its management
Great post....
"Just to add a little blood to the water I'll bet that ARU is continuously updating its resource estimate and its mining plan, and will release it after the first bid to drive the frenzy even more. "
The last time I spoke with Marla she stated that they will continue the infill drilling between the 3300 and 3700 points over the next few months. They are also meeting with their geologists ( Micon I assume) to see just how many holes they will have to drill to move the resources in that area from inferred to indicated. She was not sure if the 50 meter separation would be enough but they are meeting soon so they will know just how much drilling they will need to move some of the inferred resources to measured and indicated.
She did say that because all the holes they have drilled in the area have proven that the deposit is continuous there is a great possibility that closer drill holes will not be necessary to prove up the reserves. She said that they will know more after their meeting in the next month or so.
There is a better than good chance that a new reserve/resource estimate will be out in two or three months.
Maybe You and Buck ( and all you miners out there) can look at that area and see what you think about moving the resources to a higher classification... from 3300 to 3700