re: Ann: Low Grade Stockpile Update to Indica...
This will be last comment on this topic , but here is another problem I have.
They said they have an indicated resource of 18.1 mt of 0.14%WO3 that is also a Probable Ore Reserve of 18.0 mt at 0.14%WO3.
Seriously? This is highly unlikely, as there is usually a mine plan that is required between an indicated resource and a probable ore reserve. Normally there usually is some discussion about this in these types of announcements. Mining means dilution and mining losses. So in the announcement you would expect to see a mine plan with some discussion about strip ratios etc etc, and if it's underground then there will be a talk about method used etc etc.
Sorry , for me it's a fail as an announcement. I still think the company and project has legs but not with an announcement like this.
CNQ Price at posting:
9.8¢ Sentiment: Hold Disclosure: Not Held
