Mako Mining Corp V.MKO

Lot's of hype for only 158 k AuEq with ZERO proven reserves

[seanmac12]

No reserves and  non demonstrated economic viability. High risk strip ratio. Needs much more drilling.

 

Total	Indicated	827,000	5.86	155,800	10.0	265,000	5.97	158,800
	Inferred	3,410,000	7.80	855,000	11.6	1,269,000	7.97	873,300

The lowest category and divining rod needed with probably a very unfavourable strip ratio. 

1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves;
2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues, although the Company is not aware of any such issues;
3. The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
4. Gold Equivalent was calculated on the basis of 1 gram gold = 64 grams silver.

The 2014 mineral resource estimate update categorizes resources as either In-Pit (open-pittable) and Out-of-Pit (underground).