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Re: bywisdom post# 2059

Wednesday, 08/17/2011 1:21:36 PM

Wednesday, August 17, 2011 1:21:36 PM

Post# of 12573
Hello By,

At one time I was thinking the same WRT the NI 43-101 resource estimate. However, during some DD, I discovered that this type of deposit does not lend itself to good(read high)numbers of ounces for that report as some other types of deposits do.That was a let down because I had figured given the potential size of this deposit, that a modestly large(even 1MOZ) number would give the share price some zip. Needless to say, I now have serious doubts about that being the case. It is a step in the right direction to be sure and as in lots of cases it gives the market another metric with which to attach a valuation to a company. The main purpose of the NI for us is that funds are extremely hesitant to invest nowadays with out one.


Chip
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