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lezok

308 Posts.

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24/08/17

21:45

Post #: 26741493
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Originally posted by john435 ↑

@LEZOK you and your 'good friend' are ignoring a lower grade cut off ( 0.5g/t ) which they have obviously used to report the sections of core which they consider worth assaying and economic to mine .Perhaps your friend should have taken the time to look closely at all the intercepts as shown in the appendix and added them all up , then the methodology would have been patently obvious.If he had taken the time to read page 9 of the announcement it clearly states and I quote " Cut off grade for reporting of intercepts is > 0.5g/t with a maximum of 3m consecutive internal dilution included within the intercept ; only intervals of > 3m are reported"......
The 147m @3.1g/t is the length weighted average grade added together across the entire hole and clearly demonstrates the selected mineable units above the 0.5g/t cut-off
Furthermore if your friend had bothered to go to page 5 of the announcement there is a link he should have read :
http://www.cardinalresources.com.au/technical-reports/.
There is no way the ASX or TSX would have allowed them to report as they have if it was untoward and nor would a competent geo have signed off on it . I wonder what your friend's motivation is ? He has cast a nasty slight upon the integrity of the geologist who signed off on this announcement and on the Cardinal team. I hope both he and you have deep pockets

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Look I'm sorry if I have raised unpopular point but I just posted that now censored link because it was from a smart guy. I just did the numbers on NMDD0092 myself and if you generously assume all of the missing intervals are 0.45g/t - ie just below the stated 0.5g/t cut off and do a length weighted intersection from the top to the bottom of the intersection ie 162m to 596m you get 434m @1.34g/t NOT 3.1g/t.

I do these table all the time and the way it is stated is misleading and in basically just plain WRONG

Sorry if that seem unpopular - I will not labour the point

CDV Price at posting: 64.0¢ Sentiment: None Disclosure: Not Held
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