Boot,

I am having some trouble with your dimensions, especially the width at depth. I understand your strike length but not the 200 m of width. If I look at analytical results for DD holes 130 to 133 ,I can see lab results as follows; hole 131, 50 m @ 0.31 gram; hole 132, 3 m @ 4.63 gram; hole 133, 9 m @ 9.1 gram and hole 130 @0.89 gram. The widest intercept at depth for these holes is some 50 m at a grade of 0.31 grams in hole 131 and these intercepts are not true width; yet your calculation uses 200 m. These cores were from depths between 140 and 398 m and despite my different take on width the grade looks good.

Possibly you have the benefit of geological data over the 200 m width at depth but this is something that is not reported in the NR. I can only assume that you are implying the mineralized width noted at surface extends to 400 m and thus you have made the giant leap. The analytical data above suggests a width of less then 10 m which if used in your formula will drastically cut tonnage. Please put some scientific reasoning behind your calculation as I assume there is at least some shareholders here that want sound data.

I certainly welcome factual feedback and your reasoning. If I am missing pertinant data please send a PM.

mh