Re: Traders know the guys are in a meeting

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Chappy726

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Re: Traders know the guys are in a meeting

in response to

Re: Traders know the guys are in a meeting

cuuvette350

posted on Dec 01, 2011 09:24PM

7.16 million oz = Meas + Ind + Inferred. True enough. I have been running with only Meas + Ind numbers.

Please correct me if I am wrong....

Inferred is the 'inference' about what hasn't been tested (right?) but is shown by the model and a bit of drilling to be there. Albeit with a wide range of 'confidence' in how much of this tonnage can be moved into Indicated and then on into Measured categories (increasing confidence).

I would think that some of our outer drills will be making most of their impact on the "inferred" part of the updated RE.

Vette, in your convo's with Elmer, does he talk about his model and inferred etc? I just wonder if this is where he is headed.