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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Comment by jdn55on May 16, 2016 11:14am
41 Views
Post# 24876855

RE:RE:RE:RE:RE:RE:Joke of the day

RE:RE:RE:RE:RE:RE:Joke of the daytgfn is technically correct when he states the only data that matters in the FS is the Maiden reserve....as far as a banker or other financier is concerned that is considering financing Kobada into production. Only additional drilling will increase the reserve and the resource. Based on my knowledge of the drill data and the geology it is MY OPINION that the chances of significantly increasing the reserve of oxide materials is 99%+. The FS consultants agree with me to a degree as per the following from the FS "While the Mineral Reserve comprised only material from the Measured and Indicated Resource, there remains an important opportunity to improve the resource category of the large Inferred Mineral Resource immediately to the north and south of the reserve pits. The Company plans to complete this resource upgrade from the cash flow of a producing mine." I completely disagree with tgfn when he states "you would need a completely different mine design" to mine the rest of the resource. Most of the established resource is in the oxide area of the deposit. The oxides can be mined using the current mine design. I also re-iterate Kobada Zone 1 is wide open along strike and at depth. It's at depth, typically greater then 75M or so where you start to get into the transitional and sulfide zones of mineralization. As for a 5MM+ oz resource potential that comes from AGG's chief geo, Pierre Lalande, who is on the record as stating he believes Kobada has 5MM+ ozs. Despite what some of the bullboard idiots may state Lalande is a very well respected West Africa geo an former WA chief geo for IMG. Based on a review of drill data and maps I support that view and still fully believe that the eventual resource will be considerably higher. That is my, and for that matter Lalande's, OPINION only and at the end of the day only drilling will confirm if this opinion is correct or not.
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