RE:RE:RE:RE:RE:RE:NFG vs. SGDRetiredgeo wrote: There is a big difference between what a company officer can say and what an independant observer will say. Of course the company officer is going to be more conservative.
QH has thrown out a guesstimate based upon assumptions. His point being "this deposit is going to be huge". Huge tonnage, low grade deposits usually are. Some mining companies with 30 year plans prefer them.
There's also a big difference between stating something like "Given the assay results to date and the type of gold system that appears to be present, I believe the resource will likely be quite large" and "I suspect / think a rough estimate is in the neighbourhood of 34M ounces". 34M ounces would make it one of the largest mining operations in the world. That's way too bold a prediction at this stage of SGD's exploration in my opinion.
See my reply to mega's post for additional comments.