Lockitt, why are you disputing whether or not the gold is there? Citigold's Chris Towsey posted that it is incorrect to state that "JORC Inferred Resources may or may not exist" so I will not dispute that on a CTO thread again.
However I will continue to use my understanding of the likelihood or otherwise of "JORC Inferred Resources" becoming economic "JORC Gold Reserves" in evaluating which gold companies to invest in.
From Chris Towsey's post as HC member Citigold.
Posted by: Citigold
Code: CTO - CITIGOLD CORPORATION LIMITED
Post: 4053686
Posted: 13/05/09 17:33
Reply to: #4048861 from siameseparrot
Sentiment: LT Buy
Disclosure: Stock Held
Hi Siameseparrot,
The discussion over the validity of our resources has been going on for four years.
I have watched this chat room discussion with some interest ... and have been motivated to reply by your comment that JORC Inferred Resources may or may not exist.
This is simply an incorrect statement. The JORC Code is very specific – unless there are reasonable prospects for economic extraction, mineralisation CANNOT be classified as a JORC resource...
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