Agoracom: Small Cap Investment - St. Elias Mines - Re: Newgold Acquires Richfield

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Newgold Acquires Richfield

Silverback

Apr 04, 2011 10:11AM

Goldwing2011

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Re: Newgold Acquires Richfield

in response to

Newgold Acquires Richfield

Silverback

posted on Apr 04, 2011 11:09AM

I'm sure many folks may be aware or understand what is indicated by "Inferred" and "Indicated". I did a little digging and found some interesting information and how much more work is involved after a company has arrived at the point of "Inferred" and "Indicated" resources.

http://www.fleetstreetinvest.co.uk/commodities/mining/resources-versus-reserves-00086.html

Could someone confirm the information I found here please? Possibly this will be something else to speculate on while we wait for the Permit.

Goldwing

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