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Gold/Mining/Energy : Canada Carbon CCB-V -- Ignore unavailable to you. Want to Upgrade?

To: LearntoTrade who wrote (1224)	2/15/2016 9:20:17 PM
From: naimarantz	2 Recommendations Recommended By Durango Slim jiggydo Read Replies (2) \| Respond to of 1871

As far as drill duds go there is no doubt there were duds like any drilling operation will have. My understanding is because specific holes with visible graphite could not be quantified with the positions of other graphitic holes and the holes that missed the veins (duds) a news release on the visible graphitic cores would not create any material value as even the geologists were trying to piece together what they were finding. In retrospect it was the right thing to do as no money was spent preparing news and all it would have served to do is give a piece meal idea at best of a vein system they knew too little about to properly quantify at the time. So no real usable material information could be determined until they had most the holes along with significant trenching to track the vein's positions to help fill in the gaps. CCB is very fortunate the veins are at surface and trenching was a viable option because if the deposit had been below overburden they would have had to rely solely on the drills and they would be a lot farther behind than where they are now. As time moved on they ended up retesting cores to the tune of 5 separate times at least as they progressively realized the profitable cut of point percentage was dropping lower and lower as other factors came into play like the marble off take agreement, the cement company's interest in the marble tailings from the disseminated graphite and the local quarry's interest in the broken marble. So with this progressive incoming information they had to reassess much of the original information and got a much clearer picture of the profitable resource on an expanding scale as time went on. Considering they were developing a PEA most the while this was underway underscores how important it was to prioritize the complete quantification of the information for the PEA and the 43-101 resource. Releasing news of only part of a picture that is unquantifiable would have only served to be a waste of money and time and been misunderstood by a market that has shown to understand little about important graphite nuances. I believe CCB management made the right decision by not putting out incomplete core data that they couldn't properly quantify themselves to an audience that understood it even less.

To: LearntoTrade who wrote (1224)	2/15/2016 11:51:14 PM
From: LearntoTrade	1 Recommendation Recommended By hoperrs Respond to of 1871

I realize I'm no miner given my simplified comments regarding extracting the marble. When one considers that the big cost of developing the flow sheet (check done) and the bulk pilot plant (data assessed and all good) are completed and further, the results warranted the PEA and assaying, are we not also stepping into PFS territory? Enviro studies? Mining permits? Sound like they already have given the project a green light? I guess we'll soon know.