RE:RE:RE:RE:InterestingPennybroker- I see that you are a new member as of yesterday so welcome to stockhouse.
As part of my never ending DD, I sent your post to a geo friend of mine that has a lot of experience in porphyry deposits (you spelled it wrong by the way).
Their response- I would need to see the individual cut off grade for the mineralize intercept.
They said that unless you have this there is no way to tell if the results were smeared or not. My question, if a trained geo that has porphyry experience can't tell this by looking at the PR, how can an anonymous newly subscribered post know???????
They said there are many ways of report grades and as long as one is being transparent with the assumptions its all good. We know Farshad is very transparent! I heard he even had an analyst review the PR under a confidentiality agreement to ensure it was well written, understandable, etc. His lawyer suggested that he halt, so he halted. He is doing everything by the books and is very frugal with the shareholders money! He is an honest, dedicated, hard working individual that has learned his lesson and lessons from others (ie PGX) and is determined to do what is right for us shareholders. He even stopped the last PP at .165 thinking he could get a higher price post results to minimize dilution but one can't predict how uneducated, unqualified retail investors will understand the results!
So far, 2 different geos have told me that they liked the latest results and they have been folowing DBV's drilling results since the start. I value their opinion as they are qualified geos, both with porphyry deposit experience!
Pennybroker wrote:
You are way off base in your statement. PEM did average their grade over the full 112 meter intercept but the low grade residual material is still 1.637 g/t over 93.01 m. That residual grade is still WAY above cut off. What DBV did was average economic grades over uneconomic material. The average cut off in North America for copper porphery systems is 0.2%. Some of DBV's residual grades, actually all of them, are far below 0.2% and one is as low as 0.05%. So, DBV gave the appearance of 300+ meters of minable material starting at surface when the reality is that there is 100 meters of minable material starting at 200 meters. The results are still good but when the mine starts 200 meters down you need very strong grades not just good.