RE: BD08-01 ...First stepout holeHT , I'm glad that you have taken the time to do the math for these guys. That USGS site clearly lays out the methodology for inferred , indicated and measured coal from individual holes. What you have done is by the book and not open for debate. What may be open for discussion is the category that each person here is suggesting, be it inferred, indicated or measured. I don't really care about measured at this point and I believe that the exceptional thickness of this coal seam means that you can comfortably increase the indicated from the inferred resource. As this story unfolds we'll be able to plug in more numbers with greater confidence. I sure hope that the company provides the new numbers as we go along within whatever confidence levels are appropriate.
It sure gets tiring not having an established methodology on this board that people will agree on. This stuff should not be open to interpretation.
Crocky