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Bullboard - Stock Discussion Forum Mountain Lake Resources Inc V.MOA

TSXV:MOA - Post Discussion

Mountain Lake Resources Inc > RE 43-101 BLINDSIDED
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Post by u4eah on May 12, 2011 9:45pm

RE 43-101 BLINDSIDED

VRM or OREVAST22
-Fairly new to this board
-Could you elaborate more on what precisely happened, and if this was the catalyst for poor share performance and anemic volumes ?
-Thanks,  u4eah
Comment by VRM on May 13, 2011 12:58am
Most MOA SH were stunned when the DEC 16 2010 new 43-101 was realesed without any mention of the January 12 2005 43-101. Most expected that the drilling conducted in 2010 would add to the 359,000 oz inferred resource and that the 359,000 oz would greatly increase by using a 1 or 2 g/t minimum cutoff. A new 43-101 indicating a resource of 1 million oz plus or minus had been ...more  
Comment by theflusher on May 13, 2011 9:26am
Where is that geologist now, was the old numbersmisrepresented and MOZ are taking the smart approach and not take any previous work as gospel.
Comment by VRM on May 13, 2011 10:33am
Spoken like a real MOZ supporter. If the 2005 43-101 that was held out to be the strong indicator of what VL has for mineable resource is to be discounted as having no value and the expertise and worth of the geologist that submitted it brought into question., my question would be why should anyone pay any more attention to the 2011 43-101 and the geologist that submitted it.The point being ...more