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Re: Unbiased post# 37374

Thursday, 12/09/2010 4:52:05 PM

Thursday, December 09, 2010 4:52:05 PM

Post# of 66758
The problem with this is its based on old data... Does anyone have a opinion on this ?? It specifically states in the NI.. that the data they are basing there numbers on is based on old drilling sample data.. and not new... and that the data is in written form only.. not actual core data or samples that they can verify.. So basically.. This NI is based on nothing that can be considered hard data at this point... Just what can be possibly estimated from data from years ago.. and there is no way to verify that data is accurate..
I think that is why this didn't do as well as we all expected today.. The way I read it is.. basically it says there may be gold here.. but until they actually do their own drilling and such.. its just a educated guess.. which means we aren't much better off then we were yesterday...