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Strategies & Market Trends : Ride the Tiger with CD
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To: Claude Cormier who wrote (59527)8/21/2006 8:26:05 PM
From: russet  Read Replies (3) of 312565
 
ARRRRUUUUUUUU,...Company only saying that AU grade is continuous for 400 meters now (down from dream target of 700 meters).

Could be cutoff to west beyond fault and they talk about an eastern limit to the deposit marked just past the high grade North South vein.

Grade diminishing rapidly at depth.

I'd like to see their three dimensional model of these high grade near vertical veins (now said to be 7-15 meters thick) and the stockwork sections.

I'd also like to see assays on 2 meter sections of core. I think they may be spreading high grade vein intercepts over longer intersections than should be warranted.

May be an underground mining scenario,...raising costs. Quite a strip ratio if they have to strip off up to 300 -500 meters of overburden to get at some high grade 15 m thick veins.

Finally, for today anyway, the market may be sharing some of my concerns.
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