RE:RE:RE:RE:RE:RE:RE:We are riding the wrong horseWho in the world would fund any mine when there is zero indicated resource? Did Rio not buy Hathor with expectations of a lot more resource? Why hasn't it been mined yet?
HighROI wrote: I am not sure management has any intentions of drilling a measured and indicated resource before getting the ball rolling on mine development. That is the impression I get with my discussions with them. Eleonore was bought by Goldcorp with only inferred numbers and put into production with a cr@p PEA. Eleonore still has a cr@p PEA even while producing because the resource is mostly inferred. As mentioned before by BDMinefinder, mining houses don't need an M&I resource or a PEA. Some deposits are a no brainer. Arrow will fall into that category.