so not to get lost in all of the sympathy for someone who lost money in another stock, a repost from slmufan (great post):
Let's wrap up the bs once and for all .. Strip ratios were introduced here as a red herring after I challenged an earlier post and granted introducing something that most people don't understand is always fun as it usually can't be countered ..
Strip ratios are very important , there , I agree .. Given the level of expertise, and given I assume you have first hand knowledge of the geology and topography of the concessions please feel free to give us you analysis back with evidence.
Also re narrow veins and that being bad , another red herring .. Narrow vein ( as narrow as 10cm) has been going on since time began .. A lot of majors mine narrow vein .. The wider the better obviously , in this case Uspr reported grades up to 30g (approx) in veins at least 45cm wide ..
I also note you want to not discuss silver and copper as if they don't matter .. Again it shows a lack of real education .. Copper and silver running with gold suggests a vms system not just a vein system .. If this is the case cha Ching , it's also worth noting that everyone gets caught up with gold ( yellow fever ) but the silver and copper are vital as they have a huge impact of viability as they offset extraction costs .. This combination is highly sought after and very valuable where certain resource levels are indicated .
Re the bogus 43101 , another throw away statement , it is industry standard to produce 43-101 compliant reports as it is the industry norm , that's what they company did and I would assume this will be added to .. The BC exchange ( as you stated ) will not be knocking on anyone's door as this practice is common place .. The sec series 7 guidelines are much too expensive for exploration companies to meet as it needs a feasibility study which on a concession this size will cost 100s of millions of it gets to that stage . Uspr is not ready for that and introducing the concept is obviously to cast doubt .
Last and not least , the topic of twinning and mineral density in drill holes , given a obvious lack of true experience , here's your free lesson for today , all drill holes in order to be used for a resource/ reserve estimate have to have 2 / 3 holes drill in the same location in order to develop a 3d block of that location from which a reserve/resource is achieved . To increase thet , you add up the blocks .. Thanks for highlighting as I missed that and it's obviously what they are doing which is smart .. On hole mineral density , no hole has 100% mineral content, to suggest that is nonsense , what your looking for is high grade intercepts , wider than 10cm and at various depts which show multi vein structure , from readingthe assays , have Uspr high grade , check , are the intercepts 10cm or more , check , silver and copper a bonus .. Upon your answer on the geology and topography I will address strip ratios ..
In the interim , it's time to GET REAL
