GREY:MMIPF - Post by User
Comment by
hisnibson Apr 02, 2005 4:18pm
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Post# 8851672
RE: My thoughts on the release
RE: My thoughts on the releaseA good summary Chatyc. One must remain optimistic, and this property has a long ways to go--off-section! I take exception to your comment that they have added $150 per tonne value to the mineralization. When one does a "back of the envelope" analysis like on drill hole grades like this, this is done over the entire weighted length, area or volume (which we really don't have yet) of the mineralization. Please note that the high grade gold comes from one drill hole only, and that additional $150 value you estimate applies only to the rock around the immediate influence of that drillhole--nothing else. If you did a weighted average across all the holes, yes the value might go up. But the lower base metal values in the latest holes will also help to drag that original $300 rock value DOWN!
Keep those fingers crossed.