twilko, Part II. Didn't mention question on resources. Is Terry ready to do battle on amount of "resources" we can claim? In the interview, he just said resources have a "lower level of confidence".
Sometimes, it is what you don't know that another person knows that keeps you and him/her from agreeing. So, Terry knows more than we do, and hopefully one day we will hear more. I admit, information comes out slower than I would like. Heck, it comes out a whole lot slower than I would like!
The more samples you get, the more you know about a property. Well, Atwood has a portable Knelson or Falcon. He used it to show that his mining plan would work. He verified that he can recover 95% of the gold in the conglomerate. On how many samples? That information, along with positive tests on his conal subsidence idea, allowed the decision to go forward.
In the meantime, how many more samples are they running through that portable machine? Hundreds? Thousands? Notice they said they verified 35 pay streaks in Chaco by exploration. They didn't say they assumed 35 pay streaks based on historical claims. Did they run samples from the pay streaks through the concentrator. Do they know what is coming as far as average grade?
Just because we haven't seen detailed reports about additional sampling, doesn't mean they are not routinely getting them. They identified areas for 20 plants. Did they sample and are continuing to sample conglomerate from a lot of areas? Remember, they don't have to send off samples to the lab. Their handling procedures, screening, washing, etc. and the concentrator provide the "assay".
I got a strong hunch we will have more assays out the gazoo by the time we run several months at a profit. I think Terry and our team are crazy like a fox for planning to claim resources and reserves much quicker than some experts feel they can?
Just my thoughts. Definitely just my opinions. You just got to use logic when you hear things. By the middle of 2004, we just may be told some fantastic numbers. I will try to be calm for a year or so. LOL.
twilco, and others, what do you think?
gerald |
