Re: One Plumbers Thoughts
in response to
by
posted on
Feb 11, 2012 12:26PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
I'm definitely not an expert on this but I would think that we would only be able to report the grades that come from the actual drill core and the limited bulk sampling so the resource estimate will definitely be on the low end as a result. I remember chatting to some other people at PDAC about this last year and they mentioned that it was up to the company to keep the market informed about the nuances of the deposit and that you couldn't add things like "drill core grade is 1.5g but we think based on other bulk sampling that the real grade should be 4g". I think the regulators will make you stick to the facts and you need to let the market figure out that the true grade is higher than the reported estimate. This is where keeping the market educated is key since if our baseline estimate is low by 100k - 200k oz that's a good chunk of value that's not being realized in the share price. Maybe re-releasing the Hoov Report again at that time might not be a bad idea to familiarize the market with the so called "Nugget Effect".
Just my thoughts and I may be totally off base but I'm expecting a good initial estimate based on the success of our recent drilling and I know that whatever the number is that gets released in the next month or two that it will certainly be increased over time. We're still in the very early stages of this company and there's still a tonne of value to be unlocked.
Patiently Waiting,
Deeter