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Gold/Mining/Energy : Flag Resources (FGR.A A)
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To: ali who wrote (3832)11/3/2002 2:40:57 PM
From: hank2010  Read Replies (1) of 4269
 
Ali you posted (and these are the exact words)

"Using stochastic simulation of mineral deposits - an advanced statistical technique - we are able to quantitatively evaluate the most appropriate mining technique for a deposit and analyze the economic risk associated with the tonnage and grade estimates....."

"This test has been done at Cobalt Hill and Flag is still waiting for the results..."

To my knowledge, Ali, Flag still does not have an ore grade intersection at Cobalt Hill, does not have a deposit, and does not have a tonnage or grade estimate. What kind of simulation did Flag run? What test results are you waiting for?

To infer on a public forum that Flag does have a deposit, is evaluating mining techniques and is performing economic analysis of grade and tonnage estimates, is unethical and illegal!

To my knowledge, Flag is performing (or is considering performing) some down the hole geophysics that may or may not detect the presence of a conductor, that may or may not exist, and if it does exist may or may not be intersected by a proposed drill hole. If a conductor is intersected, it may or may not be caused by nickel/copper sulphides and if caused by ni/cu sulphides, may or may not be of economic significance.
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