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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by miningmanon Aug 11, 2021 3:03pm
51 Views
Post# 33686041

RE:RE:RE:RE:Gold is $1748.50 up $18.50

RE:RE:RE:RE:Gold is $1748.50 up $18.50Whynot,  dont get too excited about reserves increasing.   Reserves at the begining of 2021   are reported as   8.7  grams  per tonne


https://www.pretivm.com/brucejack/reserves-and-resources/default.aspx..


But  Q1   only produced mill heads of   8.2  grams  with   Q2  likely in  the same ball park.

So yeah recent    hi grade  intersections will provide additional ounces  but  restatement of  existing  reserves will likely   include a downgrade  of the existing supposedly  8.7  grams down  to  8.2 grams or lower.......say a 6%  reduction  in ounces
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