RE:Assay SNAFUThis will be the last time I'll bring up GBR on this BB (promise!).
I agree with the following excerpt from the article I posted yesterday on GBR and the comments by its (former) CEO Chris Taylor: ......Great Bear decided to report every single drill sample. “Most exploration companies only disclose composite intervals that average out gold over a total width, but we realized we had to start providing every single assay we received back from the lab. And because we had such good data disclosure, the market was able to follow the story.............And I think more companies should take that approach. Release all your data, show your structural data, show your individual sub-level assays. We took the approach to be as transparent and as practical as possible”.....
Now, consider:
1) Even if we ignore the cores shipped to MSALABS (photon assays) which is fair if these cores have to be assayed twice (first photon, then fire to confirm), NFG has been using two assay labs for quite some time now (ALS and Eastern Analytical).
2) NFG apparently has had 12 drills pulling cores on a continuous basis for quite some time now.
3) NFG has shown in the past that it will not wait for a significant quantity of cores to be returned before releasing assay results:
April 13 PR 1 core
May 4 PR 2 cores
June 8 PR 1 core
Remember, when reading at an assay result press release, note the number of assay results published as well as the data for each result.
So, it appears either the assay labs NFG is using are extremely backlogged while NFG continues to pull more and more cores and/or NFG is witholding assay results they have received from public release. Personally, I suspect its both.
I agree with Chris Taylor - if you are confident in your project, put the data out there for the market to see when you receive it to show you are being open and transparent with your data, thus inspiring market confidence and trust.