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Strategies & Market Trends : Ride the Tiger with CD

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To: sageyrain who wrote (57695)	7/23/2006 10:11:04 PM
From: russet	Read Replies (1) of 313075

Your model likely assumes the gold veins are consistent between drillholes and perhaps over wider widths than I would. I wouldn't make that assumption with so few holes. I believe the individual veins will pinch and swell and the width of the envelope of veins in the mineralized block may diminish quickly in the open directions so the waste rock will dilute the true grades considerably. I would cut your resource estimates in half. Optimism, pessimism,...two conflicts. The prudent gambler keeps his freebies and puts in stink bids. How is that conflicted?:-)

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