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re: Ann: Low Grade Stockpile Update to Indica... Beansno probs ....

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  1. 23,626 Posts.
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    re: Ann: Low Grade Stockpile Update to Indica... Beans
    no probs . Usually the external company used to make the assessment is listed in the announcement. The last lot of announcements doesn't include any names of any external consultant used. Normally the resource estimates are produced by third parties. If the estimate is in house , then they should say so.

    I am not saying they can't process the mineralised waste. It's just that the mineralised waste will not be uniform , and the resource assay relies heavily on the record keeping and drill assay accuracy of the past drilling in the 1970's and 80's.

    The information in the last 3 announcements has been poor.
    Have a look . Last week they said 260,000 mtu per annum by 2014. This announcement it's 230,000 mtu by 2017.
    They expect 160,000 mtu production from the waste rock processing initially.
    A simple table that shows the indicated production , from which source, through what plant , by when, would help.
 
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