SXG 7.65% $3.52 southern cross gold ltd

Interesting comment on page 18 of the May Investor presentation...

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  1. 221 Posts.
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    Interesting comment on page 18 of the May Investor presentation ...........


    "4.4 5.1 million tonnes grading 7.2g/t AuEq to 9.7 g/t for 1.0Moz AuEq to 1.6Moz AuEq.
    The potential grade and quality of the Exploration Target is conceptual in nature and therefore is an approximation.. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource"

    The underlined section seems a strange comment to me.

    Are they saying that they may not be producing a JORC report at all estimating the Mineral Resource?

    I have always thought that it was the intention to produce a full JORC at the end of the year or thereabouts.
 
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