GREY:AUAYF - Post by User
Post by
rondee96on Jan 25, 2007 10:11am
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Post# 12088489
My letter
My letterDear Mr. Finch
Please note below itemized information provided by AUA to us as shareholders. I would be very interested to know if these are in fact accurate since you report a significantly different set of values where the disparity between the two concerns me.
These are:
1. 2006 Golder 43-101 Resource Study reports a resource of 286 million lbs at a 0.04% Mo cut-off;
2. Bankable Feasibility reports minable reserves of 167.4 million lbs at a 0.04% cut-off;
3. First six years reserves are 68 million lbs, averaging 11.3 million lbs of Mo / year or 18.83 million lbs MoS2 / year;
4. Mr. Reaugh comments of 12 – 15 million lbs / year on CBC radio reflect an expected grade increase in our high grade pit area that results from our 2006 angle drilling of diamond holes. Assay returns from the angle holes were significantly higher versus the previous vertical holes, because the angle holes intersected two sets of sub-vertical molybdenum bearing factors. A National Policy 43-101 compliant update of the resource study is currently underway by Golder Associates to formally document the results
I would appreciate hearing from you pertaining to this matter soonest.