Re: Will the 43-101 come today?
in response to
by
posted on
Apr 09, 2010 10:00AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Forgot to add, these estimates don't mean much without factoring in cutoff grades. The cutoff grade can make a huge difference in the total ounces.
For example, PG's recent open pit resource estimate estimated 675,000 ounces indicated with a cutoff grade of 1.0 g/t. OTOH, the estimate rockets up by 50% to 905,000 ounces uncut.
Same for inferred; 425,000 cut, 830,000 uncut.
I think when guessing at what the 43-101 will be, we should be guessing the cut values, since this is what the 43-101 qualified technicians believe to be viable values.