novagold.....i will find some of the material from old announcements & post them tonight on the subject of Grade Factoring.
the way i understand it is drill assays always UNDERvalue the gold resource in place. that is, when it comes to production more gold is poured than was indicated to be there via assay results by a factor of 2 - 5 fold.
i recall that the last time MCO mentions Grade Factoring in an announcement was on 19 september 2007 page 3 (i.e. results pending).
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