A New Age In Gold Refining Message Board

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Gold/Mining/Energy : A New Age In Gold Refining

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To: Michael J. Wendell who wrote (332)	12/18/1997 8:25:00 AM
From: go4it	Read Replies (1) of 672

Hello Mike and welcome back. A person had asked me what I thought about your previous post of production versus proving resources. There is no argueing the need for an economical and reliable recovery process and I am one who took that for granted too much that a recovery process was there. I just wish to point out that assays/reserves become important after the recovery process is found when an investor is trying to figure out what a company is worth. Without the assay/reserve numbers available then the company can only be based on recovery / profits which is fine but any deviation in such production would lead to a very volitile stock price. Personally I think they are both important to share holders of a company. First for getting the metals at a profit and then for providing maximum value for the shares. Once again ...... Welcome back

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