RE: RE: Conference CallOMFG!!!
It's a fucking conspiracy.. The youtube clip is missing the PI financial guy question about how the resource was calculated.
And the answer:
ALL historical assays were used. So the resource estimate doesn't account for the underground mining from 72/73 where
The Property saw historical production between 1972 and 1973 from an underground
operation run by Hudson-Yukon Mining Company Ltd. (Hudson Yukon), a subsidiary
of Hudson Bay Mining & Smelting Ltd. The Wellgreen mine produced a total of
171,652 tons assaying 2.23% Ni, 1.39% Cu, 0.065 oz platinum (Pt)/ton and 0.073%
cobalt (Co).
Or rather it the resource estimates only looked at assays, and didn't adjust for minerals removed from mining operations.
This could explain why the 2008 WGM report
DIDN'T INCLUDE all assays. Maybe they excluded a bunch of assays that were likely intercepts over the underground operation.
You can hear the question about the 2008 WGM report here:
https://www.youtube.com/watch?v=cNdXMyU3_Qo&feature=BFa&list=UUhYPZf5jAPjA&index=2#t=35m