OGX 0.00% 0.3¢ orinoco gold limited

Ann: Clarification to Orinoco's ASX Announcement, page-24

  1. 2,599 Posts.
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    Guys I can tell you why the reference to 5000 tonnes has been removed. Because it is not consistent with the JORC code. You can't give guidance regarding anticipated tonnes produced unless you have the support of a JORC compliant reserve statement -new management perhaps were not aware of this ...so crucify them immediately.

    I would say someone complained. Who could that be? Who is to say we don't have junior lawyers from Anglo watching the threads. If they are ...I'm sending them a well-recognised signal right at this point in time. Wonder if they are good at charades or mind reading perhaps.

    We may never have a JORC out more than a few years, but that will not stop the mine from potentially producing gold at an extremely high grade consistent with the sampling done. and therefore with a low AISC.

    Nothing to see here folks ...move along.

    Cheers,

    SJB
 
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