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Message: Re: No News is Bad News

Jan 07, 2010 10:17AM

Alibaba, you need to spend a month at a mine to learn how things happens in the real world.

The underground geo's are responsible for daily grade control, mapping of area's to be mined and drilled and making sure production proceeds in a cost effective manner. Getting core ready for lab is very time consuming as core has to be logged, split or sawn, and then bagged and shipped to the labs which have more than one company anxious for results. When the results are returned they are then plotted and analysed before a news release is prepared for release to the public. This process is also very expensive and each sample costs up to $50.00 to process not including shipping costs. The news release and paperwork to the exchange is another cost. That is why results come out in bunches and not 1 hole at a time. A hole like the 007 was exceptional and was expedited thru the process in a fast manner only because it was so exceptional. I heard that a new core processing facility is almost finished for surface exploration, which will allow them to hire more geo's to process the huge backlog of core to be logged and processed.


Jan 07, 2010 11:09AM
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