TSX:SGR.UN - Post by User
Comment by
hydra100on Dec 21, 2010 2:45pm
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Post# 17877678
RE: RE: RE: CHARLES OLIVER 5-10 MILLION OZ.
RE: RE: RE: CHARLES OLIVER 5-10 MILLION OZ.FROM PAGE 45 - NOTE THE MINE LIFE AND EVERYTHING AFTER IS AN "OPINION." MINE LIFE BASED ON INDICATED OUNCES. REST IS BASED ON INDICATED AND AGAIN IS AN OPINION AS INFERRED IS AN UNCERTAINTY.
YOU JUST DO NOT KNOW THE DIFFERENCE BETWEEN INDICATED AND INFERRED ALTHOUTH I HAVE TOLD YOU WHAT IT IS AND SO HAS THE COMPANY.
CAN YOU SEE THE CAUTIONARY NOTE.?
PLEASE GET SOMEONE TO HELP YOU UNDERSTAND IT.
PERHAPS NEXT TIME YOU MAY WISH TO ACTUALLY READ A DOCUMENT BEFORE POSTING IT.
JUST A NEW YEAR'S WISH.
17.12 MINE LIFE
The project has a mine life of 5.5 years based on measured plus indicated resources.
In Geoex’s opinion, given the current inventory of approximately 3.7 million tons of inferred resources and the long
operating history of the Rice Lake Project, it is probable that sufficient inferred resources will be converted to resources
to achieve a minimum of 10 years of mine life.
NI 43-101 Cautionary Note - Mineral resources that are not mineral reserves do not have demonstrated economic
viability and there is no certainty that the results of the economic assessment will be realized.
The capital development allocated in the model is sufficient to fund conversion of inferred resources to reserves and as
well has the capability to potentially add additional inferred resources to the current indicated resource inventory