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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: mark silvers who wrote (5509)3/31/1998 1:19:00 PM
From: Ed Fishbaine  Read Replies (2) of 14226
 
Mark

Please forgive me for beating up on this issue but I do not understand what you mean by tampering with an ore pile. When the pile was first created could not this also have involved tampering by the personnel selectively placing material? How then does one determine when an ore pile is pristine? In any event an entire ore pile could not be effected. Therefore, if Russell went around and took samples from here and samples from there and then after processing these samples averaged them would this not settle the issue. If he found one sample which was way way out of line he would discard it for averaging purposes. This is the way statistics works in general. One indication or one sample is never sufficient. There is always, in any, statistical sampling, the possibility of sampling error. This is neutralized by multiple samples. The more you take the more reliable the results.Then you calculate the reliability to one in one hundred, one in one thousand or even tighter. You never, in any statistical sampling procedure achieve exactly 100%. The only way to achieve 100% is not to sample but to process every ounce of the material.

I think that the issue of COC reliability is in the order of 1:1000. So, since there is a 1:1000 chance I'll be dead in one week there is no use worrying about it.

Let's let this issue be replaced by more interesting matters.

Regards, Ed
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