RE: final holes OK - my first post in a very long time and I\m not sure why i'm back. My old alias is long gone. I am a geologist with 30+ years under my belt. I've made a couple of discoveries, brought 2 to production decision and have made a lot of failures, missed holes and buggered away lots of shareholder value living on "hopes and dreams" which is what a good explorationist is meant to do.
I'm going to make a very few short points. One - you just don't call up a new lab - results have to be verified and comparable, a second lab need to be used as checks, but to compare applesto apples you need to use the same people and can't change willy nilly. Two - a 25% failure rate is pretty fricken good, especially once you are in the resource mode, they need to do a fair bit of condemnation drilling and these will be missed by definition Three - most of these 113 holes won't make it in the calculation, all resource guys are cautious so they will only include the results they are happy with at the time -they will go in when they decide they are good enough and not before. Four - partial holes don't count and won't go in either.
Oh yeh - I'm not that smart either. I should have bailed in January with $1.2mm - thats what i get for being so smart. Cheers