Who is informed?

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jefferam

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Who is informed?

posted on Dec 03, 2008 04:41AM

I was just looking at the dundee report, and on page 3 at the bottom right there is a bar chart showing how much estimated gold reserves we will have by end of 2008.

It says 2006 and 2007 is at 1.6 MM oz for inferred + reserve which would be accurate since the last 43-101. However it shows for 2008 an estimate of 1.9-2.0 MM oz for inferred + reserve. Why so low? are they not informed? this is an estimate, yes i believe they should be conservative but why only 300 000 oz added? which begs the question, who is more informed, them or us?