I don't know how many people caught these estimates during Wes's presentation and later during the Q and A but I'm pretty sure they were in error, not clarifying the errors was an oversight.I just hope than no-one makes their investment decisions based on these numbers.
First one was by Wes when referring to world nickel deposits "in terms of world nickel deposits with a grade greater than 2 1/2 %,our existing resource from Eagle 1 is a little better than 30 million tons of nickel in the ground"
The second error was during the Q and A when the first participant,the gentleman from Amsterdam and Los Angeles stated that "Eagle Nest right now might exceed to 100 million tons" and Wes,for some unknown reason let that stand.
The very next question by the same man was asked about the possible size of the chromite deposits and Wes replied "...extend for approximately,I think we've drill traced them for 400 kilometers to a depth of 600 meters."
Now I understand how mistakes can happen but in this situation I think that these errors are not only very sloppy but also extremely dangerous given that some investors may throw their hard earned money at those numbers IF they believe them to be accurate.
IMO,Wes needs to admit to the erroneous estimates and set the record straight somehow.
What do you think?
Kerry.