Due Diligence
posted on
Dec 16, 2011 12:17PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Lawyers are trained to look at the reasons and logic the opposition will offer and plan steps to counteract their claims. In the same way, we should examine the possible negative findings that could possibly occur on Tesoro. In that way, I don't consider that a negative post should always be considered as bashing if it is based on solid possibilities.
For example, it is possible that high sulphide readings could account for the chargeability numbers of 16 and 18, and it is fair to point that out. I believe it is unlikely in this case to apply to the large ovoid because the top of it is very close to the surface veins and structures that are an extension of the shafts from which we have known grades of gold, and we know the grades improve with depth. There are several independent findings to qualify Bayes mathematical reasoning, and I like to think of this sound principle rather than the example "If it walks like a duck" etc. (not that there is anything wrong with that, except using Bayes Naive Classifier would be more impressive to someone evaluating the property)
The ovoid was a big surprise for everybody! It changed the Tesoro from being a great high grade possibility of perhaps a 4 million deposit to the possibility of a world class mine. The gold pundits have said that the next mine of this class will be discovered by science, and we may well be the first to prove that statement. Because we do not have the full Quantec report, and if you follow Sculpin's logic it appears that Lori does not want to miss whatever they are looking at, deep near the eastern part of the survey. Thus some of the deep drilling will be in that area.
The months of trenching gives no doubt that we have an open pit mine, and when this is verified we will have a new trading range on this alone. Regarding the ovoid, it is so near the known surface structures that it would be almost a travesty of nature to change that suddenly from gold bearing sulphides to sulphides alone.
We shall see what next week brings; daily increasing odds of drill results, falling off as we get toward New Years.