RE:RE:RE:RE:RE:Why the market is unimpressedTreetop,
You are correct in that I did mistakenly use the word reserve. I did mean to say resource.
Your statement "The 2013 43-101 report updated the total RESOURCES. But most of these resources are not expected to be economical to extract. So under any realistic mining scenario, most of the resources will be left in the ground, at least until the price of gold doubles and doubles again." is absolute conjecture on your part and you have absolutely no factual data to support that statement.
Your statement "So less than a million ounces are POSSIBLY economical to extract, if one makes optimistic assumptions about the process technology. I say optimistic assumptions, because most of this small gold "reserve" is at grades that most mines would consider waste." is once again absolute conjecture on your part.
You are basically stating out of a 2.3MM oz indicated and inferred resource less than 1MM oz are economical to extract simply because it hasn't been moved to the Reserve category and because the grade is too low???? Why don't you support that statement with some factual data if you're such an expert. The statistical data from an independent 3rd party audit of the drill results completely refutes your statement and so does the metallurgical work from the PEA as well as more recent bulk testing results.
Your statement "Will the pre-feasibility study bump up the reserves? Possibly, but no data has been released so far indicating that will be the case. You can't claim increased reserves based on nugget effect." Once again get the facts straight.
- first fact, AGG is skipping PFS and going straight to a FS, something I would have thought you would have known given you're such an AGG expert.
- second fact, nobody has claimed that the coarse gold effect will increase reserves; it is only conjecture at this time but conjecture I fully support based on significant data that is in the public domain which you choose to ignore.
You're a relatively clever manipulator Treetop and you continue to use conjecture to distort the facts. Your altruism in protecting us poor, ignorant AGG longs is very touching indeed.
There is no logic to explain why you would waste time posting here given you're not a shareholder other than you are a paid basher. Of course this is pure conjecture on my part.