RE:Orenada Resource Approach - my theoretical interpretationProd5,
Very thorough discussion! Bravo.
You said: "
Even the most basic logic approach is strongly suggesting a major transformation here. I think Peter Gundy understands this.
I think Eric Sprott understands this.
I don`t think the market understands any of this as yet.
As the chair now, hopefully Peter Gundy will choose to one day get out there and help Eric Owens (a great geologist, but not necessarily a great promoter, strictly in my opinion of course) to educate the market about what we have here."
Yup, I understood your theory abot taking into account the high grade veins. A few comments:
- Greatest beef: There is no excuse for not updating the 2009 NI Technical Report. It's has been more than 7 years. There have been a lot more drilling since then and high-grade results are available which could be easily used to suppllemnt the pre-2009 results used in the NI report. New holes may have reduced the spacing between holes (distance between old holes and new holes may be less than 100m (say 50, or even 25m) you used in your interpolation example. But I noted that you assigned 1gpt or even 1.8 gpt for the space between 6 gpt and 8 gpt mmay be too conservative? Anyhow, better be safe than get caught with over-optimism. Unless, the new holes in the middle hit "bonanza" grade (i.e. way over 7gpt, then the gain would be a lot more than 7-1.8 = 5.2). End result: Next RE would be over what presented in the 2009 NI report.
- Educating the Market: Owens could be a bit more relaxed with holding on to the information. He should follow the example of other CEOs (eg. PRB and ER). Just look at their NRs you will see that they are a lot more informative with links to lead you to drill hole diagrams, x-sections and previous results. He could use posters on public BBs to do free advertisement for the company. Some posters are very good with their analysis and may point the company to the right direction. Some ideas may be brilliant. In fact, CEO, of the company IR person, should keep an eye on these chat boards for suggestions.
Some time ago, Owens was mentioning that they discovered a bunch of old results/cores. Not sure what has happened to all this? Keeping investor informed would be a good thing.
- Useful toold for investors (and company as well): One of a nice tool (simple easy to use) is "Corebox", link below (pick PRB as an example). This is a good tool to keep all the data in one place, and the company can share the info with investors. One of the feature I like if the "cut-off" feature, where you can show all data, or just the high-grade (take you cut-off pick) to show where they are located (east west north south, shallow deep). This tool also would serve as a good guide to the geos whre to sink their next drill bit. It's also a good tool to show to high-level people (Gundy and bankers whose attention span is kinda short). Show them a picture and they will understand better.
Also, if everything is in one place, it would be easier to see a connection between the zones. Maybe Owens and his geos are too close to the scene and may not see it, but outside people may have different perspective. Note: I used to put large posters/pictures of what I was doing in the hall, on the outside wall of my office, and people would hang around looking at the stuff, and often would poke their head in my office to ask questions, or give free information and suggestions (some of them were amazing). This is called crowd-sourcing.
https://www.corebox.net/
Would someone dare to pass the idea along to Owens or Gundy? I am too shy to do this, lol.
GH