RE:RE:almost spilled my can of coke seeing Gold tap 2220 !Gutinstincts55 wrote: Gold 2,220 x 13M gold eq (w copper/silver) = a $28,600,000,000 USD gross resource. Market cap is sub-$109M USD. Definitely no chance of value ahead here.
TLG does look like it has a good shot at eventually proving itself to be a great company, but just a clarification with regard to the MRE they produced. The key figure in TLG's upcoming FS will be how much of the 1.8M Inferred AuEq and 11.2M Indicated AuEq outlined in TLG's Mineral Resource Estimate (MRE) are shown to be Proven & Probable Reserves in the FS (i.e., the economically mineable portion of the MRE).
Mineral Resource Categories:
Inferred Mineral Resource:
That part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
Indicated Mineral Resource:
That part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation. An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve.
Measured Mineral Resource:
That part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling and testing and is sufficient to confirm geological and grade or quality continuity between points of observation. A Measured Mineral Resource has a higher level of confidence than that applying to either an Indicated Mineral Resource or an Inferred Mineral Resource. It may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve.
Mineral Reserve Categories:
Probable Mineral Reserve:
The economically mineable part of an indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Mineral Reserve is lower than that applying to a Proven Mineral Reserve.
Proven Mineral Reserve:
The economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.
- 11.7 million ounces of Measured & Indicated gold resources (including reserves)
- 122.4 million ounces of Measured & Indicated silver resources (including reserves)
- 8 million ounces of Proven & Probable gold reserves
- 62.3 million ounces of Proved & Probable silver reserves