InvestorsHub Logo
Followers 15
Posts 3671
Boards Moderated 0
Alias Born 07/23/2011

Re: Destinator post# 10982

Wednesday, 08/28/2013 10:39:58 AM

Wednesday, August 28, 2013 10:39:58 AM

Post# of 12573
D, did you think this through?

I strongly suspect that the area used to calculate the reserves for the purposes of the 43-101 is about 1/20th or less of that 2km zone


1/20th of 2 km is 100 meters. Did you really mean something a fast runner can cross in under 10 seconds ? Also, the NI 43-101 shows 0 (zero) reserves, only resources.

I have not seen a 43-101. I see some update on calculations. A full 43-101 will not occur until they can report 1.3 to 1.4 million ounces and even then I am not sure that it would be wise to pay for such a report in this market.


They just announced an updated NI 43-101 so what are you talking about here? The report will be filed in due course as is required, in something like a month and a half at most. An undated NI 43-101 is by definition a full NI 43-101.

The original estimate projection of 3 million ounces would be met if it was not for the change in calculations that took place.


I would love to see some justification of that statement, which I sincerely believe is untrue from what I reviewed of past NI 43-101s.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.