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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Comment by MudCreekeron Jan 12, 2011 6:53pm
279 Views
Post# 17962789

RE: Resource Estimate Details

RE: Resource Estimate DetailsSince no one else answered, I'll take a shot.  Seems to me these are legitimate questions that are worthy of a response (and maybe some discussion).  Be warned, I'm no expert.

"Will this be released as a news release?"

They might put out a brief news release to say it has been published on their website and Sedar.  They might not.  They might take the opportunity to repeat the data in the previous release.  I'd be surprised if they put out a release with any more detail, and I'd be horrified if they put out a release with new numbers or something like that.

"Will there be material information in it that has not previously been available to the market?"

There shouldn't be, but it depends on what you mean by material.  I've found some interesting stuff in technical reports that had not been pointed out in a news release, and that I felt was material, (put that another way, stuff that changed my opinion of the value of a company).  Usually if it is material in that way, and hasn't been highlighted in a news release, it would be negative, so I sure hope there isn't any here.

"Will there be a speculation that the resource is larger than that whichhas been demonstrated in the 43-101 release due to the unsampled coresections?"

This is the part I'm most interested in.  I doubt that they can legally speculate on how much gold might be in those unsampled sections.  Not in an NI43-101 compliant independent technical report.  OTOH, I'd expect that there will be some discussion of those unsampled core sections, like how much core we're talking about, why it wasn't sampled in the first place, why it wasn't sampled before this report was prepared, and whether they are still available for assay - whether the "chain of custody" for the cores is sound and meets the QA required for 43-101.  That might be the most interesting part of the report, especially if there is some discussion of the quantity of material represented by these sections of core (I would not expect them to even make an educated guess as to grade).

OTOH, all of this will be buried in the body of the report, so you'll have to read through a bunch of geological jargon to pick it out.  If you are new to junior resource stocks, reading these tech reports takes patience, and some practice.  They are long winded, repetitive, and filled with words you don't normally run into.  Find a good geological dictionary on the web and be prepared to use it.  Study the diagrams. 

Oh, I just can't wait!  LOL

Now for the discussion.  I'm sure I've said something in there that's wrong and worthy of rebuttal.
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