CGT castlemaine goldfields limited

proposed $16.5m capital raise, page-36

  1. 3,827 Posts.
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    AS, you have taken serious step of accusing a public company of high grading. But your commentary just shows you don't understand mathematically how a JORC is calculated. This sort of thing shows ignorance about mining companies that throws doubt on all your commentary. If you are not prepared to learn the basics about this sort of thing you shouldn't criticize others - you havent a clue what you are talking about on grades
    eg 100kt @ 1-3% and 500kt @ 5-6% ends up as 600kt @ 5%
    this is not high-grading, it's just mathematics. Exactly why the grade is higher for CGT's JORC - more tonnes with higher grade.
    Your comments on grade reveal ignorance rather than insight.

    Waiting for list of small caps that can't go down much ??!
 
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