OTCPK:CFMSF - Post by User
Post by
Alexspushkinon Sep 15, 2011 6:21pm
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Post# 19047865
Update from today (09-15)
Update from today (09-15)As mentioned in a previous post, one of the main problems is that the Peter Bevan report used the Polygon method for reporting the resource estimate. CFO tried to modify the existing information to meet standards, but this did not help.-----They instead engaged a consulting firm to use the new required standard. They have completed their revised work and will be presenting this to the BC commission next week.The good news is that CFO expects the number of ounces to be essentially the same; around 5 million. Further good news is that CFO expects the trading halt to be lifted “within days not weeks”.-----Dr. Dreisinger's work is continuing on the metallurgy. Either he is, or just was on site. His report should be completed by year end. This report will be a significant document in completing a PEA for the project (target next year).-----I also found out that the nearest smelter is only 45 minutes away (Xstrata). This could be an option for getting those tailing processed. No specific plans but an option that will be looked at. -Alex