Mark, I understand that the ASSAY itself is a standard lead fire assay and it is only the preperation of the material that identifies this as a "Johnson" method. Therefor, the results should be considered completely legit with all industry standards for assay being adhered to with this method.
Again, it is important that it is generally believed that assay does represent recoverable numbers to a great degree and if there is any varience, it is the possibility that recovery will find higher opt.
The real variable is the cost of recovery in relation to the assay amount. In other words, if an assay shows .2 or .3, then the cost of removal of overburden, building of roads, electric lines to the site etc. all come into play to determine economic recovery. In our case, there is NO overburden, we HAVE roads, electric is there, and the opt numbers are unusually high. (1.7 opt vs. .2 to .3 avg for US properties)
I also heard that we should NOT expect numbers from the check labs this week. More likely next week. (At least it's not in 2 weeks!)
Last number I got was $6 1/8 to $6 5/8 (back to a 1/2 pt spread).
Regards,
Tom F. |
