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To: hoov who wrote (113414)6/1/2013 10:17:52 AM
From: Rocket Red1 Recommendation  Respond to of 233883
 
yup i agree



To: hoov who wrote (113414)6/1/2013 10:50:51 AM
From: Rocket Red2 Recommendations  Read Replies (1) | Respond to of 233883
 
""geo-scientist that I have spoken to has any idea how this deposit could even exist"" ZEN awesome post

Zeus, slagging a group of people the way you have is the only thing that's ridiculous, IMHO.

There are pre-existing equations which were developed to allow for some degree of critical analysis with respect to the value of an exploration stage resource project. The variables, of course, are not yet known with a high degree of confidence, but when a range of variables is possible, one can reduce the uncertainty by tending to select variables at one end or othe other of the range, with respect to their value implications.

It turns out that when you fill in the variables using conservative estimates, i.e. those that minimize the value, the output valuation appears to be ridiculously high. I agree, that is another ridiculous thing, but it is not because a group of people analyzing the data have done something ridiculous. Nor is reporting these analyses ridiculous.

Whether this is truly a once-in-a-lifetime opportunity will only be determined in hindsight, after the fact. However, I can report that no geo-scientist that I have spoken to has any idea how this deposit could even exist, it is so outside the realm of anything previously known to mankind. And yet, there it is.

Lar

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32629434&l=0&r=0&s=ZEN&t=LIST#dkCRcPfzucW0UDAT.99



To: hoov who wrote (113414)6/1/2013 12:04:24 PM
From: heinz449 Recommendations  Read Replies (1) | Respond to of 233883
 
Well, it was a good thing I read this before the other. Usually I start from the bottom , at the place I last read, and then move up. Anyway all is good. I have been reading your excellent input and it is so well written and understandable for individuals like me with short concentration spans that I thought I would bring it here. Now I knew that clicking on the picture would take one to it's origin however I did not know that it was not directly. Sorry. You now have also made me much more aware and rightly so that always I must show the source which at times I have neglected to do. No more.............................but