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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Bullboard Posts
Comment by Cousin_Gerton Apr 21, 2006 9:37am
142 Views
Post# 10718102

RE: Beware NI 43-101

RE: Beware NI 43-101Yes triken, I as well think that VLake at this time will show 350-400K OZ due to 43-101 limitations. This however would be substantially less then actual mined. Just like for Bobby's Pond, the limitations do not properly consider the soaring commodity prices and the mining techiques that would be used under these higher prices. I think adding about 25-30% would be reasonable today to any calculated 43-101 numbers. Also for Vlake, there is the 24km strike length that has hardly any drilling. MOA identified a whole new area there a couple years ago when they were completing their earn in requirements. There could be a resourse size there to equal the the main Vlake deposit being looked at by RPA. I still think VLake could one day be 1MM oz. C.Gert
Bullboard Posts