RE: RE: RE: Inferred!
You won't get any flak from me for pumping. Your post spurred me to buy a little more GGC.
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Regarding recent discussion of Eastmain's upcoming 43-101. I saw some posts some time ago where people were predicting like 3 million ounces or something like that.
If I am not mistaken I believe the old 43-101 was based on something like 500 holes and there have been something like 150 more since then. I'll double check on that but assume it for the time being.
Thus I never understood why people think they may be expanding the resource to 2 or 3 million ounces.
I would figure we are looking at expanding the resource to a total of like 1.3-1.5 million ounces, with most of it in the measured and indicated categories. Also I would expect the grade to bump up by a gram or so based on what we have heard in the last couple years. To me that would be a great result and a sound basis for Dr. Don to be in a really good mood.
Who knows, I could be wrong and the ounces could skyrocket. But I would caution people to avoid irrational exuberance.
In my view the story on Eastmain is a great one and I think the 43-101 will bolster that story. But let's not go overboard.