HIO 7.41% 2.5¢ hawsons iron ltd

Ann: Mineral Resource Estimate Update, page-33

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    July 2022 - 33 out of 67 drill holes data available. H&S used the 33 drill holes data to extrapolate 34 holes to estimate the resource using regression equation ~ 484 million tons

    September 2022: Full 67 drill holes data available and analysed ~ 481 million ton.

    Anyone who understands statistical modelling knows that there is always some errors in the model that may tell how far it from the real value.

    H&S model had 99.38% ( 481/484) accuracy... All good

    Reference:https://pubs.usgs.gov/pp/0574a/report.pdf
    Last edited by Mas37: 30/09/22
 
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