Re: resource estimate and IMF rumors
posted on
Mar 02, 2010 09:54AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
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?