Claude, this brings up a question based on my DD.
I had always heard that companies, big or small, do not like to mess with placer deposits. Proving up resources and reserves is just too difficult.
Well, Ron Atwood testified at trial that he worked for Newmont, that he had worked on 22 projects, and that 20 of them were placers. He didn't really say how many were with Newmont, but I would assume most were. Realizing how companies don't like placers, Ron has to be just about the most experienced and best expert in the world on placers? 20 placer deposits, that seems like a lot.
Of course, Ron says ours is not a true placer, it is an alluvial fill. As I said before, I look at the conglomerate as a stack of placers. With 35 veneros, or pay streaks, identified, that implies at least 70 placer layers. There may be more in some areas.
Nice that we have such an expert on our team.
gerald |
