Rainy River Resources

NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)

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Message: Re: News! Rainy River Discovers Another Strong Gold Zone

That's true and is certainly the minimum we should expect at this time. I still think that with all of the hot spots they have to explore right now, 4-5 rigs should be employed to get a better handle on what we are looking at here. We have the money, and if we needed more I truley feel we could get whatever we needed from the market at much higher prices once the next sets of results come out and of course the updated resource calc.

Speaking of the resource calculation, my understanding is the contractor providing the update is conservative but widely trusted amongst the major gold producers. Given that, any guesses here for what we might be seeing in the next estimate???? I am going with 4 million indicated and another 2 million inferred. Anyone else dare to venture a guess, just for fun???

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Mar 12, 2009 02:09PM
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