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Strategies & Market Trends : YellowLegalPad

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From: John McCarthy	5/19/2010 3:11:43 PM
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GOZ << Doesthis mean we have to wait until NEXT YEAR (2011) to see the nextRESOURCE/RESERVE update?>> When I read that, I was assuming that it would be 2011. It doesn't mean too much to me. I get the impression that there is enough for another 10 years of mining. The mine life is not an issue; it's the cash cost. I'm holding patiently knowing that it will take a while before the UG bolting techniques make a big difference. Here is how I see things going forward: 1) "A cable bolting truck is scheduled to be transported to Bjorkdal during mid-May" 2) "Processing of the ore from the bolted 838 stope will likely take place in early June." 3) Step 2 will "form the basis for more test work and adjustments to drill patterns, bolting patterns and blasting sequences." That bring us to July & August. 4) THEN, once the technique has been proven, only then will it BEGIN to be rolled out to all veins. So maybe September & October the ramp up starts, and early 2011 it will be fully implemented. -Alex stockhouse.com CRACKER

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