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Re: Rusirius post# 19489

Friday, 05/09/2014 5:44:49 PM

Friday, May 09, 2014 5:44:49 PM

Post# of 24231
Rusirius, it looks like they may have used a pre-feasibility study model knowing that they intended later to get higher definition and resource numbers. To do this right, they need enough high fidelity data on all those attributes you mentioned to do a Bankable Feasibility Study. Only then would the confidence levels be great enough to obtain and expend significantly more funds.

Will have to see where this all goes over the next two quarters. One positive note is that Jim Sinclair believes that the POG should be increasing at a good clip later this summer, which can only help to improve LODE and the other struggling miners situations going forward.

Anyway, have a good one.

I am NOT a Financial Adviser. Nothing I post should be considered financial advice. I may be holding a long, short or no position. I am NOT compensated to post on here.

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