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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Julian Augustus who wrote (583)9/22/2005 9:37:38 AM
From: Claude Cormier  Respond to of 78419
 
- But, though we have seen some very preliminary indications that both BCM and CKG are working on elephant-sized deposits, we are far away from getting enough drilling done to even define a 43-101 Inferred Resource in either case.

You can calculated inferred resources with 10 holes... All depends were they are located. But usually, companies wait fro drilling to have cover a significant area at 100m spacing.

- That makes both BCM and CKG grassroots plays in my view

Well a question of definition. A grass root play for me has not yet proven that there is significant metal in the ground. BCM and CKG have... now they are finding how big it is and how economic. I agree of course that they are not in the same catecory as OZN, CLG and ANO which are bringing up resources from inferred to M&I.