Trelawney Mining and Exploration Inc TWNNF

Taylor 1988 (Fact versus Fiction)

[Sharpie009]

FACT or Fiction

Lets test the validity of  the following statement made by  taylor 1988.

Statement made in reponse to another poster

" Kinross has been mining their Fort Knox deposit in Alaska for the past 3.5 years at a grade of 0.43 g/t au (less than half of TRR's grades) and they've done so 75 km from any work-force and with gold at $700 / oz. Trelawney is 500% closer to infrastructure than Fort Knox, they have 110% higher grades than Fort Knox and the price of gold has increased by $1,000 dollars since Kinross began mining Fort Knox profitably. My question to you which puzzles me is how Kinross can run a successful mining operation 4 years ago in a worse jurisdiction with half the grades of TRR"

Fact:

The fact is they don't mine .43 g/t at Fort Knox.

Here is a summary of actual grades mined at Fort Knox by quarter as per Kinross operational summaries

• Q3 2008     .96 g/t
• Q4 2008     .80 g/t
• Q1 2009     .58 g/t
• Q2 2009     .74 g/t
• Q3 2009     .80 g/t
• Q4 2009     .65 g/t
• Q1 2010     .71 g/t
• Q2 2010     .76 g/t
• Q3 2010     .96 g/t
• Q4 2010     .72 g/t
• Q1 2011     .66 g/t
• Q2 2011     .59 g/t
• Q3 2011     .49 g/t

DING DING DING Crapolla meter ringing off the charts. 

[taylor1988]

Nice rebuttal 3 months late...   I meant they mined a resource of 0.4~ g/t au with sub $700 gold prices... many bulk tonnage deposits mill at a higher grade than the resource by drill standard.   You've pasted like 1/3 of my post to take it out of context and are dragging up old posts here for no reason..   P.S.. do you see grades dropping significantly per quarter..?  

[Sharpie009]

Let me first say that I think you are right in picking Trelawney and Newstrike as your two top picks for 2012.  Whole heartedly agree with those two choices.  Two good quality juniors with great potential. However in response to your post You sound like a real university geek .  This isn't a debate.  You either know the facts or you don't.  In your case the facts

[taylor1988]

Fort Knox  cash cost per ounce in 3rd quarter 2011 at grade of .49 was $700~ Fort Knox cash cost per ounce at grade of .43 will be $750~.   Do some real research for a change?  You're right.. instead of worry about my own equities I should be more concerned about spoon-feeding you and others due dilligence.  The whole point of this argument was that you stated a resource of

[andrewdog]

nugget effect.  oboy.  GNH forum going to start up.