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Message: Re: How much is SFMI worth?
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Apr 28, 2012 03:06PM
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Apr 29, 2012 08:43AM
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Apr 29, 2012 01:09PM
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Apr 29, 2012 06:44PM
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Apr 29, 2012 11:48PM
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Apr 30, 2012 02:30AM
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Apr 30, 2012 08:52AM

Ed- Nice reply, with more info than I would have had. The most interesting thing to point out is that Goldcorp is probably paying mostly for resources that they strongly suspect are there, but that have not yet been proved up by 43-101 compliant drilling and assay results. Another example of the fact that geos at the majors don't necessarily need the detailed results required by the 43-101 standard, but are willing to take the chance if the results that they do have provide strong enough evidence that there is a certain amount of gold there. For WEM, there is, of course, all of the historical, pre-43-101 information that led many to believe that there were multiple millions of ozs there- as in the Idaho Bureau of Mines estimate of 5-8M ozs. Shouldn't take much drilling to convince many that those estimates were correct.

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Apr 30, 2012 10:02AM
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Apr 30, 2012 10:09AM
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