ALL you need to know about TSO! Please read before investing!, page-178

More than happy to agree BV, but do reference the poster below (Hardrockminer) with regard to the critical nature of block models in estimations and note that both of these presented below were in existence even before we started drilling as TSO!!.

Let that sink in for a little bit, before having yourselves a great day.... ;-) H888H

6 thoughts on “Measured vs. Indicated Resources – Do We Treat Them the Same?”

1. 
   hardrockminer
   Commented on: January 19, 2016

   
   
   
   
   
   
   In my opinion the single most important economic variable in a study is how the block model was constructed. More projects are undone by a bad model than by any other factor. (Check out Rubicon for a recent example.) Therefore, it is critical for an investor to understand how the model was constructed…among other things. Another factor most people tend to overlook is that models are not deterministic. They are statistical risk based estimates and are merely blurry reflections of the originator’s knowledge and experience with resource estimation. So it’s good to know who did the model and what his background is.

   In the end, the model is simply a model of reality that can be very good or very bad. The designations of MI&I are only one component to the model that an investor has to consider before putting his money down.