BIG 0.00% $2.22 burrendong minerals limited

ct, page-3

  1. cya
    3,836 Posts.
    and I love parties sentia :)

    The Company is examining the cut-off grade at which the new resource will be reported.

    (so we can increase the resource by simply counting gold that was not of a grade that could be counted in the past)


    The current resource is reported at a cut-off grade of 0.6 g/t Au. (which is uneconomical but since the gold price has risen in USD lets count it anyway lol it doesnt much matter that it would cost more to process it than leave it would cost to leave it in the ground)

    (step back a bit folks RAU serious consider process a tonne of raw material to get $43 worth of gold as viable, or better put processing a tonne of rock for 1/20th of an ounce, think about what 1/20th of an ounce looks like)

    Here is some help an Australian 5 cent piece weighs 2.83 grams which is 0.099825 oz. JK already includes in the Bolivian JORC thats about 1/5 size of a 5 cent piece per tonne, so he now want to go below this.

    Or put another way he wants to process dig up and process 50 tonnes of material to get 29 grams or 1oz of gold.

    Or put another way , 1.0 tonne per cubic metre , this would require them digging blasting and processing 50 cubic metres in order to get 1 OZ of gold .

    To get a rough idea bout the weight of this an Austrlaian gold (coloured ) $1 coin weighs 9 grams, so reach in your pocket and ask your self if 3 golds coins in weight of gold is worth digging up 50 tonne of rock.

    Worse thats on the current grade basis JK wants to lower the lower grade below 3 coins, he is suggesting digging up more than 50-60-70 tonnes of gold is viable

    You can see the headline now, RAU resource study substantially upgrades Bolivian reserves to 2M OZ, then when you look at the fine print, all he has done is to have lowered the lowest acceptable grade to puff out the number.

    Then all the other stuff is he is going to model the prvious workings, model the trenching, model all the drilling , which of course will suggest more drilling and he will some how manufacture in some kind of JORC comp liable resource

    then the BRR will start , his excitement with the project will build, he will announce an upgrade, he will further reflect on the impending BFS , he will build a couple of huts and call them fancy names, he will go and chat with the locals, the price will go up, folks here will chatter about production, traders will churn the price up, the unaware will jump on board, Sentia will trumpet something about being right and me getting my comeuppance , folks will say things like, bigger buys lining up, someone wants in in a hurry, sellers vanishing, could be 5.2 cents by the end of the week, 10 cents by xmas lol (who knows)churners will exit on the way up, raising will be announced , it will be fully subscribed, churners will exit their subscriptions , spp will fall, Sentia will talk about "its a speculative share" , "in for the long haul" it will continue to plummet, folks will suggest the stock has fleas

    The whole thing is a pantomime of contrivance and delusion





 
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