Re: i asked kieser today......
in response to
by
posted on
Mar 27, 2014 06:08PM
(Edit this Message from the "Fast Facts" Section)
quote/> Reserve calculations can be added to a strictly historical 43-101 as drilling data becomes available.
Yes, exactly. We have had the historical 43-101 for a couple of years now - at least we had people working on it. I still submit, that in order to get any financing/buyout, etc. we have to prove that there is still gold in that mountain. How do we do that without some drilling and that fancy 3D model? Otherwise, we already have what we need to file - a basically worthless rehash of the data on the website. We need PROOF.
We were told in at least one SHM that the historical data they were putting in the 43-101 wasn't enough and they needed real, current data (ie: drilling and assay) to be ready to file.