GREY:CRXEF - Post by User
Comment by
fairchijon Nov 02, 2010 3:48pm
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Post# 17646901
RE: bids and asks have flipped--will close down to
RE: bids and asks have flipped--will close down tobattleforest...you do not know what are talking about...you are a basher but not a very good one. Here is a repost of my response to your negative posts yesterday.
Battleforest, you wrote: google if you don't believe but an inferred estimate puts about $20 oz on gold, probable to $40 oz and proven takes it up to $300 oz..........
First of all you are mixing up your terms.
A mineral resource is divided into the categories of inferred, indicated and measured relating to increasing geological confidence.
A mineral reserve is divided into probable and proven and relates to economics of the resource.
Osisko bought Brett for just over $70 per ounce for a very low grade (1g/t) and challenging inferred resource.
And then you wrote: should bottom around .55c (I say around !)--build a base around .55c-.65c and maybe move higher in anticipation of results.
Did you google that as well to come up with that answer?