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Message: My take

Changing the methodolgy for reporting the resource estimate midstream is idiotic - ok boys and girls, lets review -

1. We have an initial deposit, which the company has designated the LGZ, what does that stand for, boys and girls?/ The Low grade zone. Yes, that's right.

2. Now, the company has discovered a new zone, which we'll call the HGZ - what does that stand for? The high grade zone!! Yes,

Johnny, you're absolutely right again!!

IMHO, the initial estimate for the constrained open pit at 4.3 MM ounces should stand alone - we have now added material in a zone we've designated as, what, boys and girls? The HGZ!!

So that should give us a global estimate of around 6.6 million ounces, with 2.3 MM in the HGZ, designated by the higher cut-off grade - now, the company can decide which deposit they want to go after first -

Sure, you can negate previous work, but I have rarely seen that done by companies - they all simply mine the higher grade component FIRST.

Again, JMHO, but you dont change methodology midstream!!!!!!!!

WB

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Jun 11, 2014 12:05PM
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