Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: maxncompany who wrote (31078)	1/27/2007 6:11:42 PM
From: zoo york	Read Replies (1) of 78408

Yup, and the total resource reported by Silvercorp is still a fraction of the resource that company representatives will tell you they estimate for the project. That is the nature of the reporting criteria under NI43-101. Silvercorp is a rare bird because the resources of the veins are so high grade that they still come up as a reasonable number even given the conservative nature of the process. Compare those results to a bulk tonnage target like a CRD deposit or a wide vein system, where it is much easier to prove up a resource tonnage. There are literally dozens of other mines working narrow veins, which are quite profitable to run, that do not have the luxury of extremely high grade intervals on which to base a large resource estimate, but they are still very much real companies and some have achieved premium market caps. Just confining your selection process to the compliant mineral inventory means you will probably miss out on some great companies. cheers! COACH247

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