Mining Company research board

[gitreal]

Funny you should comment on 43-101's right now - I am having an unusually civil discussion on the EXTO board about that very subject! or is this not coincidence and you saw the comments?

Anyway, you are absolutely correct. I still think that using the 43-101 format is not a bad idea, as long as they don't call it a 43-101, and as long as they use the SEC definitions of resource, reserve, etc. DGRI's 43-101 is not compliant, and I was struck by their average grade (0.012 oz/ton) which resulted in their huge ore reserve numbers (I forget what they were) - at first I thought they meant a 0.012 cutoff grade, but I think that was their average. Without cyanide, there is no hope of ever processing stuff that low. So, no reserves at all.