where to with stone ?, page-58

Pinto, the 40% cu samples were taken from a hand held XRF analyser. Here's what the company said at the time:

"While Nitron XRF analysis is not considered a substitute for conventional analytical methods the results do give an indication as to the potential copper gades in the area, the samples are being submitted for comprehensive laboratory analysis."

Ok, are you with me? The results came in a month later and guess what?

"Recent surface sampling returns copper grades of up to 8% Cu"

From 40% to 8% but you insist on the greater of the two. Remember it was just a bloody ROCK. Rock samples are for minnows.

Your facts are wrong but your ramping is rife.

Confirmation Bias

"It can be difficult to encounter something or someone without having a preconceived opinion. This first impression can be hard to shake because people also tend to selectively filter and pay more attention to information that supports their opinions, while ignoring or rationalizing the rest. This type of selective thinking is often referred to as the confirmation bias.

In investing, the confirmation bias suggests that an investor would be more likely to look for information that supports his or her original idea about an investment rather than seek out information that contradicts it. As a result, this bias can often result in faulty decision making because one-sided information tends to skew an investor's frame of reference, leaving them with an incomplete picture of the situation."


Read more: http://www.investopedia.com/university/behavioral_finance/behavioral6.asp#ixzz2511bE4wO