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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > Reserve update Irokinda + Zun Holba
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Post by bart_dc on Apr 17, 2012 4:19am

Reserve update Irokinda + Zun Holba

https://www.marketwire.com/press-release/high-river-announces-updated-reserve-resource-estimate-current-technical-reports-irokinda-tsx-hrg-1644533.htm

Nord Gold is screwing is

those cut off grades look much much too high

and as a result, reserves are only several 100K while they admitted that the mines can produce another 10+ years

did you see those average grades??

Comment by 1marketmaker on Apr 17, 2012 9:14pm
I agree they look high and would like to know if that is a typical cutoff for ubderground mining??  Anyone?
Comment by bart_dc on Apr 18, 2012 3:31am
I have to admit they used the same cutoffs as the previous estimates for both mines. But still, they look very high.   B
Comment by 1marketmaker on Apr 18, 2012 6:11am
Yes but is that how they managed to get themselves in that reporting mess in the first place?
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