Trelawney Mining and Exploration Inc TWNNF

RE: Era of the Super Pit...

[Minefinder1]

Simply put there is a standard in the mining industry to use the 3 yr trailing price average in these studies. Don't think that is $1,500 at this point so once again we have the Trelawney group using a promotion, rather than industry standard, metric. At that - with these grades - they are the lowest grade of the bunch you mentioned by 20%, and that's with the high-grade kickers worked in.

Not surprised to see it roll back and likely to stay there as the question is where is the up-side going to come from other than via a price increase in the metal itself?