TSX:LSG.DB - Post by User
Comment by
Timminsgoldon Feb 14, 2006 1:02pm
193 Views
Post# 10352465
RE: something sad
RE: something sad
Your posts are always insighful. With respect to the number of indicated and inferred ounces, this info should flow from the company. Shareholders should not have to make calculations "on the back of a cigarette package".
As I read the Sedar Report by Winters, I thought that there would be some new info regarding the number of ounces. He reiterates data as prepared by Watts, Griffis, McQuat, during 2004.
Surely, shareholders of LSG deserve more prompt disclosure than that.
As I understand, LSG has a computer model that updates the indicated and inferred ounces, litteraly on a hole by hole basis. It may be the lack of this information that resulted in the Regulatory authorities request to LSG, to clarify certain info regarding the number of ounces. The Winter's Report did not provide any new, credible info on the number of ounces that I could find.
Again, I as a shareholder believe LSG owes us much better info regarding the resource size, than they have provided to date. I think it is possible, that even some mining engineers do not understand the "mumble jumble" as contained in many of their press releases.