Core Gold DMMIF

resources vs reserves etc ........................

[upmarkets]

seems to  me  --Rock not confused   Eggy  is

43-101   usually  IS a resource ( and the category is defined in Canada and Aussieland  etc)
Only senior operating companies have significant  RESERVES
which require a large grid of very close holes  say 25 to 50 feet to follow the deposit shape etc

Most developing projects are only resources  and get a valuation of 25  to 125 an oz
depending on the progress and quality etc
Take over bids  have been in the $120 to 200 an oz range
for  RESOURCES ( ie  often with 20 - 30  ish  METER spacing)


US reporting  requires RESERVES when mentioning value
which  then would miss all the share growth
from Resource delineation
Which is part of reason that many  better jr mine stocks  list in  V,  TO  and Aussieland

Did not ARU ( and Eagle? ) get taken over with just a  high quality RESOURCE  not  RESERVE  report?

And remember that  DMM felt their ( Zaruma)  deposit was so viable that they proceeded with pp's ( Sprott)
for  underground and  plant development , without a  fully drilled out
bankable feasibility study phase

Keep waiting for a reserve and I can sell you my shares  way higher
Are you just not-so-fresh  out of  ( off of )  the Egg carton?    :-)

Here's to a steady climb

Regards
U