Hello Dave
I was wondering when management was going to clarify the companies position and intentions?
I was going to ask Walt this question but if your still lurking and prepared to offer answers it would be appreciated.
1. Last week's announcement:
Category Tonnage Grade OPT Contained
Gold Ounces of Gold
Measured and Indicated 2,851,000 0.148 421,000
Inferred 2,579,000 0.46 1,185,000/T/
I am not a geologist or I would probably know the answer to this question. Please explain to me and those of my ilk, how the "Inferred" grade can be assumed to be so much higher than the "Measured & Indicated"? Is it simply that most of the more widely spaced drill cores pulled that make up this "Inferred" estimate, happened to be higher grade than those pulled to make up the "Measured & Indicated"?
2. I interpreted Mr. Senn's announcement several weeks ago to state that there will not now be $$, or the same amount of $$, to spend on Royce Group Claim exploration this spring. Is this in fact the case, or will GMD continue with the program described in previous announcements for 1998?
Your posting on these questions, and ongoing company activities over the coming months would be appreciated by all shareholders I am sure.
Regards |
