The problem with issuing a 43.101 is the figure(s) stick in everyones mind until the next 43.101 is issued.
So if we say we have 3 million ounces proven and probable and 2 million ounces measured and indicated, then we are stuck with 5 million ounces when we really have 10 or 15 million ounces.
And if we add in the Strikepoint and Wildcat claims we probably have 30 million ounces to run through our mill.
Getting off the venture and on to the main board may bring in a few more investment funds, but the mining funds in the know don't care one way or the other.
I think the Company is wise to continue to focus on proving up reserves, especially if they are near or north of 1/2 ounce per ton. That is sweet sweet music to the ears of the majors and builds a solid foundation to our share price, below which we will not fall.
Is anyone familiar with thermal fragmentation mining as shown on the video below:
Thanks
Fred25
