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Message: Re: resource estimate and IMF rumors
12
Mar 01, 2010 07:02PM
1
M
Mar 01, 2010 07:27PM
1
tau
Mar 01, 2010 09:11PM
1
M
Mar 02, 2010 09:09AM

Re: resource estimate and IMF rumors

posted on Mar 02, 2010 09:54AM

tibber is expecting over 1m ozs inferred

Just curious h... where did I say that??

No need to put words in everyone's mouth. I think Coach and Red summed it up well. If anyone is expecting a RE to cause the share price to jump they will likely be disappointed. An inferred resource of 500k ounces won't do anything .. at least not now.

What I did say is that if it's only expected to be 500k inferred then why bother? I believe Coach said something similar much more clearly. Having said that, given the narrow widespread veins and the apparent nugget effect, a 43-101 would be a precursor to a bulk sample which could mitigate some of those issues.

Could it be said that this initial resource estimate is simply one small step in a long term project ... much longer than most expect?

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