Re: indicated vs. inferred
in response to
by
posted on
Jun 13, 2008 10:04AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Hey E, would you say you have an optimistic calculation or pesimistic one? I am assuming they have other drill resutls with the highest grade perhaps 0.30 oz/t and lower... or maybe stuff like 0.10, 0.20 that was never disclosed to us as it wasnt material enough to warrant a NR. And on that assumption that would imply they have more gold then what you calculated. What was the mesured resource on the last 43-101, about 1.5 Mil? so that would put us near the 2.5 area with all the new drilling. Any chances you figure we are over 3 or are you pretty confident that it would be at most 2.5.
From my understanding, 3 Mil is some what a key number for getting recognition by the sector, anyone have any comments on that or was that just a number people talked about on here cause they think we will get close to it?
Any one recall when the 43-101 is due? end of June or during the AGM? would be nice to see the sp go up some more. im still waiting for my 10$ target so i can pay off some debt. Hopefully in the next 3 years we'll get there. Maybe i might actually be able to get my gf her diamond shes been hoping for lol.