Tamerlane Ventures Inc. V.TAM

need Clarity

[elitespooner]

Im confused, by their website factsheets & presentations and the numbers on the % shown on the web site.

According to the development schedule, were to have an updated feasability, Q1 2011. This I suspect wont be too much longer.

So to clarify, were looking at mining the R190 & area?

"... The R-190 Area includes the following individual deposits:  O-556, P-499, R-190, X-25, Z-155 and GO3 which will bemined utilizing underground mining methods."

from pg.4 of the Presentation.

"... Feasibility study complete –Project consists of mining six (6) adjacent underground deposits"


Now, we have to a total historical resource

Total Historic Resource 50,332,000 pg 7 of the Presentation.

From the News Release

" ..non NI 43-101 compliant historicalresources totaling approximately 34,221,000 tonnes"

Was this reduced as the N204 numbers, (that amount to in-the-ground contained leadand zinc metal of approximately 852 million pounds of zinc and 232million pounds of lead) were recently brought to NI-43101 compliance and is part of the mine plan?

Thanks,

[loparn]

Yes that is my interpretation also. The N204 deposit reduced the historic resource by its own equal now NI 43-100 numbers.

[elitespooner]

OK, so on the feasability study we're waiting for, we can conclude;"This mineral inventory includes 16,445,000 tonneslead zinc combined ...."with the non-compliant historical resource of 34,221,000. Is this right??Thanks, just trying to understand the numbers here.

[loparn]

------------------------------------------------------------------Area           Category                   Tonnes     Pb %     Zn %------------------------------------------------------------------R-190 Area(i) 

[elitespooner]

what?? 70%This was a previous news release prior on N204 in May."...The N204 deposit contains a historic (non National Instrument NI 43-101compliant) resource of 16.3 Mt (at 30% dilution) with an averagecombined Zn+Pb grade of 4.03%. "With this recent release of the N204 release:I understand the historical, Im not understanding the proven & probable or the measured numbers that are

[loparn]

Well, I understand that around 70 % of the N204 resource is "potentially economical" and therefore only that part is included in the NI 43-101 figures and should be included in a the feasibility study.--------------------------------------------------Category      Tonnes   Pb+Zn %      Pb %      Zn

[elitespooner]

right, thank youOK, so were looking at a total measured & indicated of 17,196,000.Just was looking for the total measured, indicated and inferred with this release.

[loparn]

Yes 17,196,000 tonnes total  measured & indicated  from R190 and N204But we also have the Proven + Probable       7,790,000  tonnes from R190and the inferred   2,413,000  tonnes from N204

[elitespooner]

I thought that the proven & probable numbers are from the measured and indicated, not in addition too, no?

[loparn]

 Oh yes the must be put together. Without knowing wether or not you can deduse it from Area           Category                   Tonnes     Pb %     Zn %---------------------------------------------------------

[elitespooner]

Im not sure about that:Probable Mineral ReserveA ‘Probable Mineral Reserve’ is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study.Proven Mineral ReserveA ‘Proven Mineral Reserve’ is the economically mineable part of a Measured Mineral Resource demonstrated by at least a Preliminary

[ALD]

So what is next? Financing? Q1?Are they still drilling, what are they doing??ALD

[elitespooner]

Well we should be seeing the new revised, bankable, feasability study with the addition of the compliant N204.From the Nov. Presentation showing the Development Schedule, we should be seeing the remaining financing sometime soon.A job posting on their website indicates ~ Construction is anticipated to commence 3rd quarter of 2011.Proving up the remaining deposits or historical numbers, in addition

[loparn]

  Yes, I have now seen examples where the proven and probable reserves are a part of the measured and indicated, but where also the grades do NOT contradict this as they seem to do in the Tamerlane example.But Tamerlane did count them separately in their feasibility, according to the Sept 11 2008 Cedar filing :" 1.12 Compliance with Canadian NI 43-101 Standards...At measured

[elitespooner]

Ive wrote investor relations for clarity.Im not even sure what this mineral reserve represents. Sure we see the total of the proven & probable but whats the breakdown of zinc/lead.

[loparn]

 The breakdown of Zn/Pb is easy. In the R190 area there are 7,790,000 tonnes of proven and probable reserves containing 3.01 % Lead and 6.16 % Zinc  or 7790000 x 2205 lbs containing 3.01 % Lead and 6.16 % Zinc  =517 million lbs of lead and 1058 million lbs of zinc.You could calculate similarly for the additional measured and indicated resource of the R190 area (which

[elitespooner]

Im supposed to be receiving an answer back from Graham with regards to the calculations.Was looking over the milestones on the website, Ive noticed the pre-feas on the 43101 W85 deposit in 2008,2.6 million tonnes at a grade of 2.82% Zinc and 1.05% lead,I dont see this in the plan of R190 and area, would this deposit be included in the "proven & probable" that your referring.I