OTCQX:RPMGD - Post by User
Comment by
Synchronouson Jan 29, 2008 3:29pm
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Post# 14283532
Prob is 1.5M oz but NI report may be 500-700K
Prob is 1.5M oz but NI report may be 500-700KNewmont's old mineral inventory estimates on Wilco mines was around 1Mil Oz .... and RPM has discovered an additional .. mid/low grade deposit on the property (Section Line Discovery).
But RPM will likely be using a much higher cut-off grade than Newmont did in their mineral inventory.
Producers tend to use very low cut off grades since totoal minable reource is of greater concern.
Explorers need to use higher cut-off's for the purpose of financial feasibly of getting a project off the ground.