via Google Search - Mineable Tonnes

One obvious thing left out in the news release dated Dec. 14th was the definition of mineable tonnes. They did not specify whether mineable tonnes meant ore and waste included, which works out to a certain strip ratio.

In mining you declare mineable tonnes as measured and indicated resources or reserves, but do not include the strip ratio, or waste rock. The strip ratio might be the same regardless of the size of deposit, and may have been stripped over the period mentioned in the news release, which they did not specify was accomplished at any specific time.

That means mineable tonnes, the way it is referred to in the release does not conform with industry norms or compliant reporting. Otherwise, if it were to be compliant after all, then that means compliant resources reported are sadly out of date and have already been under production without any modification.

It seems I'm splitting hairs here, but they have clearly omitted an exacting statement of strip ratio and resources to be mined or already under production without changing the resource calculation.

So which is which? It appears they are excersizing a loophole in the reporting standard to me.

http://ow.ly/gijaa

-F6