Re: question about average grades
in response to
by
posted on
Apr 07, 2011 08:03AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Your first assumption is the correct one. That is why you don't see all the others reporting grades in the same manner as GNH. I personally think the GNH open upfront and honest policy has hurt the SP, but I'm confident in the long run investors will understand the true potential of GNH and our SP will grow back to the old highs and way beyond.
So you can imagine how a 1 meter section having lots of VG can skew the overall grades more favorably for that intersection. Notice when others report a 100 meter section having say 1g/t including 10 meters at 10g/t, they don't show you what is the real value of the remaining 90 meters, or in fact how many actual zero's are included in that calculation. They also don't tell you if that 10 meter section might contain 1 meter having 100g/t. Using that example, we can calculate that the remaining 90 meters actually have very little. Another thing to remember, not all explorco's slice their cores in half before sending them off to the labs. I could be mistaken, but I think Detour Gold sometimes cuts, and other times does not cut, the cores in half.
That is one of the main reasons why Mr. Tilsley does not include all the VG in his calculations, because he is an honest man trying to prove up an honest grade at GNH. I'm excited by the GNH potential, because I try to vision the future potential through the eyes and thought process of Mr. Tilsley and Mr. Frank Glass. These 2 individuals know 100's of times more of a geological setting and potential than all the analysts on Bay Street combined.
Skier