Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: russet who wrote (3175)	10/1/2002 8:44:50 AM
From: IngotWeTrust	Read Replies (1) of 8273

EXCELLENT PAPER, Russett. My compliments for this contribution. Actually made me laugh outloud, reading it...especially the part where Stillwater, which had been making assumptions of uninterrupted mineralization up to 1,900 feet beyond each drill core sample, agreed to limit all assumptions to 1,000 feet. Now, with Corner Bay in Mind and their precious few 74 drill holes...most not even being core drill samples but RCs...well, one has to [geostatistically] ask just what uninterrupted mineralization distances---1900? 2900? 3900? hell...let's make it an even 5280 shall we???---- beyond those paltry 74 holes PAAS is trying to peer through before the November drop dead date and BAY.TO goes teeters up.?.?.?.? The other thigh slapper is that this whole topic of manipulated reserves and resource estimates is exACTLY where Geo in Denver and Enigma and I came to the parting of the ways in the first place. They have always claimed "THEIR" geostats didn't stink...and I said they did. Especially Enigma's sacred Barrick. One last thigh slapper: Woolly CB's stats "claim to fame" should have him all over this Merks' quote: Mr. Merks says the problem is with geostatistics, *a computer-driven variant of applied statistics developed in the 1960s* to calculate the size of mineral finds. He says it has turned out to be flawed science, but the industry has maintained it as the standard nonetheless because it is in their interest to have the most aggressive resource estimate possible. Oh, well....nothing like a little "lite" reading to kick off the day. Again...grrrreat little find there. Thanks for the posting effort. one of YOUR grateful fans LOL

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