Re: Tricks and traps..Going, forward
in response to
by
posted on
Oct 16, 2008 08:37AM
Producing Mines and "state-of-the-art" Mill
..talk to DR. Nash this am, and he also thought LBE has been taken aside. Gary did mention, to follow up what Wanderer5 said, their is a Jewish holiday going on in the USA and the paper work is in the lawyers hands.The time it takes to move the reserve estimate from the resource category is roughly two yrs, so going back to the Feb 23 / 07 news release it was the historical reserve number quoted and referring to the Red Stone channel the 1.7 million tons was stretched to 2 million because of the numbers present, but enough infill drilling has not been completed. Mining cost at the Mc are half of that of the Red Stone and are showing over 2 grams per ton of Platinum and Palladium. Gary mentioned that he was anxious to get the drills going on the Groves property as a 500,000 ton historical deposit from surface down only to 50 meters has been identified and thought this area could hold a large deposit, along with high PM values. I will continue to pick away at these low share prices. Traps7