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Gold/Mining/Energy : Anatolia Minerals Development Ltd V.YMC.U

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To: Claude Cormier who wrote (233)8/2/2001 10:29:15 AM
From: Elizabeth Andrews  Read Replies (2) of 468
 
Yes, I looked at all the holes. I don't get focused on the good holes as the bad holes yield more information about the probability of the deposit becoming economic. For example, Hole CRC8A assayed 1.4 grams over 32 meters, Hole CRC9 assayed 0.1 grams per tn and the interval wasn't mentioned, Hole CRC 10 cut three intervals all of which are uneconomic same as CRC7. Most of the intervals are narrow (for RIO standards) and low grade.

Sure they have one very good hole but this won't make the mine and give you shareholder value. My bet is that Rio will drop this property as its size is below its threshold. We'll see.
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