Ann: Trading Halt, page-19

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john_utah

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02/12/16

10:17

Post #: 21052364
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Originally posted by Freehold ↑

Yep .. I'll Go with 50mt @ 1% which is quite conservative (High probability it will be bigger) .. I find it better to be conservative and hopefully be surprised to the upside... rather than pumping out some wishful thinking number and be disappointed.

Remember PLS 1st jorc number was 20 mt , but quickly went up 52mt then 80mt 6 months later ... Now bigger that 120 mt

I have no doubt however that KDR will surpass PLS eventually in terms of tonnage and grade (as KDR mgmt. hinted grade only slightly higher that PLS) so maybe ultimately 1.25 % ...

I did notice tracking back through PLS announcements that their grades in their drill holes were very similar to ours ... 1.4 -1.8 % but after Jorc calcs applied global grade was 1.22% ....

So Lets not started putting out "silly" figures ... just yet... In the future also remember that Earl grey is still open in several directions and we have no result yet from Prince of Wales which is a few Kms along strike and may be connected to Earl Grey...

Oh and I 'd better say "and Don't Forget the Gold" before Haplo raps me across the knuckles. There is considerable Gold directly above Earl grey in the overburden (2 historic shallow gold mines in fact). ...but not expecting any gold figures to be included in the JORC

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FYI - @amertoo thinks you're a knucklehead

KDR Price at posting: 40.0¢ Sentiment: None Disclosure: Not Held
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Ann: Trading Halt, page-19

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