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Gold/Mining/Energy : Canadian Diamond Play Cafi
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To: Letmebe Frank who wrote (3875)3/13/2006 8:43:29 AM
From: seventh_son  Read Replies (1) of 16206
 
> In this presentation pdiam.com it said "Cumulative grade curves for 2005 sample have not reached Asymptote - grades could be higher" on slide 17. I looked up Asymptote and it means "line not touched by curve: a line that draws increasingly nearer to a curve without ever meeting it" so now I'm confused. Any help out there?

By "reaching Asymptote" I think that they basically mean that they are assuming that the curve of cumulative grade vs stones plotted against size follows some sort of distribution such that it will flatten out with enough sample values -- namely if you have more sample values, there will be increasingly large and ever increasingly infrequent stones that will make the curve go flat, and at the point that the curve goes virtually flat, that would be the total grade. Since the curve has not gone flat yet, they think it could go a bit higher.
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