FFX 0.00% 20.0¢ firefinch limited

kona and kokoun, page-31

  1. 687 Posts.
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    "KEvin and Randgold would have run all the numbers on these results and have a very good understanding of whats in the ground already"

    If thats the case and they have enough information to have a "very good understanding" they should be in a position to announce some sort of resource. To obtain an "very good understanding" surely they have done some sort of calcuation. It does not take much to wrap wireframes around the numbers and undertake a quick IDW or OK model. Both RAND and BGS would need to do that to assess economics!

    You do not have to drill out or do development work to announce an inferred resource. From why I can see the drill denisty is enough to announce an inferred resource.

    Therefore, if they have a "very good understanding" why have they not announce a resource, what are the terms of the MOU? Are they meeting full disclosure to the market?

    Me thinks your estimates are way of and that your "50m wide orebody" is not there but much smaller than what you think.

    As for my understanding of African mining I spent 7 years there in the 80s in Tanzania, Ghana and Burkino. I still hold interests in privitae entities with gold, PGEs and diamond properties in Serria Leone, Burkino, DRC and Zim.

    Finally YES they are in elephant country and the ground is very good (I spoke to KJ about it at length at diggers 2 years ago. But please stop with the BS hype.

 
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