RE:RE:Listen to the John Tumazos Part about Reserves & Tony ReplyJin to add, i found this very interesting and i almost fell from my chair John Tumazos
I got to ask another question. I'm a little confused that the business - the discussion about claims expiring around Fosterville and how the Company's picking them up. You have an extremely complicated sophisticated brilliant milling process combining many techniques for the courts versus the refractory ore bio reaching and the zones you're drilling or kind of deep in places. Is there a big rush to stay claims all around you for people who don't have any idea how to Mill the ore?
Tony Makuch
So, thanks, John. I mean clearly there's a lot of interest in the area given the high-grade nature of the discoveries in the production that's occurred. But I think the point you make is a really valid one. There is only one place that that material is going to be milled and that's at the Fosterville mill. So from our end, we don't have anything to fear from others discovering anything in the area. It would only lead to our benefit, I think.
John Tumazos
So these blocks are going to do high risk wildcatting. And if they hit something, the best they can do is through it to you for a royalty.
Tony Makuch
That could be an outcome.
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I found the text version it a bit annoying. Who wrote this some retarded AI computer.
“combining many techniques for the courts versus the refractory” ??
can someone eplain what that means ?
“ore bio reaching”
I take that to mean--- or bio leaching---
“is there a big rush to stay claims all around”
---- stake claims---
I get the general point of the text but reading it is on par with watching a TV show with closed caption
Luckily I listened to the audio before and was able to understand most of it anyway.
My suggestion get a real stenographer with a mining background or an AI translater that learns faster.