Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: hubris33 who wrote (14446)	1/31/2010 8:59:14 AM
From: Wade	Read Replies (1) of 48092

Thanks hubris, It came just in time to help us to evaluation our investment. <G> "The most obvious way to define "similar" ounces in the ground is to use the three resource and two mining reserve categories defined by Canada's National Instrument NI43-101 regulations - the industry standard. We combine these into three broad groups, as we believe the market tends to do as well: Inferred: the lowest-confidence category, based on just enough drilling to outline the mineralization. . Measured & Indicated (M&I): these higher-confidence categories have been drilled enough to establish their geometry and continuity reasonably well. . Proven & Probable (P&P): These are bankable mining reserves - basically Measure and Indicated resources with established value." "If there's nothing wrong with the project, there's an implied growth potential in the stock price, based on the difference between what the company is getting per ounce and the market average for similar ounces. In this case, it would be: $20 x # Ounces ÷ # shares."

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