GREY:ADEXF - Post by User
Comment by
MurrayMacon Jan 13, 2012 1:44pm
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Post# 19401801
zedman, re; inferred
zedman, re; inferred Hello again zedman....
"The rest of the nr is soiled with the word " Inferred"
I'm not too sure why you have difficulty with a "inferred" resource and others are looking for 1 billion tons initially??
I assume everyone is aware that this was the very first drill program on this property......ever! A half a billion tons of "inferred" iron ore resource is nothing to be disappointed with. I can honestly say that I have never seen a Canadian or World explorer prove up a "indicated and/or measured" resource on the very first drill program......let alone a billion tons!
And by the way, AXI has already hit the "Billion Ton" status with Roche Bay and Tuktu......albeit, with some in the infamous "inferred" category. :)
Murray