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Message: Question About Resources

Question About Resources

posted on Jul 30, 2008 04:03PM

First of all I want to thank Portee and Woozle for the explanation of why TD is a good broker. It gives me something to aspire to one day...having large quantities money lol. (I especially like the pencil salesman part, I'll have to try that one day).

Secondly, I would like to know if anyone has knowledge regarding how "inferred" resources are calculated and/or released.

I ask simply because it would be nice for KXL to eventually come out with inferred resource estimates, at least for the Golden Mile anyway.
I'm just not sure how extensive the drilling needs to be to for them to be allowed to legally provide an inferred estimate. Since there is a big difference from "inferred" and "indicated" from what I understand.
If anyone has had any experiece in this area with other companies it would be very nice to get an idea of what to expect and when.
In the meantime I will continue to do DD to see what I can dig up...so to speak. :P
TIA.
Gamblor.

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