GREY:TWNNF - Post by User
Post by
offshoreskeison Feb 23, 2011 12:13pm
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Post# 18180521
Don't get too caught up in the hype
Don't get too caught up in the hype
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The quantity and grade of reported Inferred resources are uncertain in nature where there has been insufficient exploration drilling to define the resource. TRR is going to need extensive follow up drilling to fill the gaps that will serve to potentially move all or portions of what is expected to largely come in as an inferred resource with numbers in the 2 to 4 million ounces range on up to the indicated category and by further delineation to the ordinarily much reduced economic measured and proven reserve categories.
Many uncertainty's exist and expectations shrouded by a clouded perception between inferred and proven reserves runs high on both the GLD and TRR boards driving share prices into extreme overbought territory.