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Pastimes : Zenyatta Free Speech Board
ZEN 77.480.0%Nov 21 4:00 PM EST
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To: Thiess - ZEN who wrote (22263)5/29/2018 3:10:50 PM
From: Fact Czecher1 Recommendation

Recommended By
jiggydo

  Read Replies (2) of 22811
 
T-Z posted: "No resource, so created a rolling resource".

T-Z - Being a "knowledgeable" investor you must know that the size of CCB's resource has been stated in 2 different (NI 43-101 compatible) Resource Estimates. You must also be aware that Chief did not "create" a rolling resource.

Virtually every large scale, publicly traded precious metal and/or diamond mine in the world was built as soon as prospecting proved out enough material to source the funding to economically go into production.

While in production, the miner continues to prospect adjoining areas and if they find additional material it is rolled into a new Resource Estimate (You know - like CCB did).

That is what is commonly known as a "rolling resource". Even neophyte resource investors should know this.

This process can be repeated many times over many years until they can no longer find enough new material to economically continue mining. - Then the mine shuts down.

If this is news to you (as I suspect) it goes a long way to explaining how you got into and remain stuck in ZEN. But, no worries - Its not all bad.

THE BAD NEWS: It probably indicates that you don't know your arse from your armpit as far as resource investing goes.

THE GOOD NEWS: Admitting your ignorance would provide an important clue as to what happened to all those lost roll-on deodorant sticks.
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