Re: Resource Estimate

Emerging Graphene Technology Company

Hydrothermal Graphite Deposit Ammenable for Commercial Graphene Applications

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Francis Dube

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Re: Resource Estimate

in response to

Re: Resource Estimate

goldhunter11

posted on Dec 21, 2014 12:50PM

From your last post GH:

- The resource estimates were approximately 1M tonnes indicated and 0.4M inferred for a total of 1.4 M tonnes total as you have indicated. But the inferred amount is not allowed to be used in a PEA, so it would be conservative to use 1M tonnes in the valuation of the deposit.

Inferred resources are included at the PEA stage as per the following document from RPA page 33

http://www.rpacan.com/site_Files/Content/Downloads/NI_43101_In_Perspective_for_Investors.pdf