CLZ 16.7% 0.5¢ classic minerals ltd

Ann: Trading Halt, page-58

  1. 564 Posts.
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    most of their "recent" (ha ha, i mean last few years), drilling was infill, so resources should be a modest increase but there should now be more distinction between catagories and some "inferred" moved to "indicated".and "indicated" moved to "measured"... you can play all sorts of games with numbers including reducing the cut off grades to "reflect latest increase in gold prices",.. lets play the guessing game...115,000 onz for kat gap...but that doesn't mean it's all "mineable".

    there's a chinese company called legacy iron that i was following for years and they kept on updating resources, but you look at their diagrams and see they are including stuff like 1.5m / 1.5g at 100m depth which is never going to be mineable, and then they would have to cart it 100's of km to someone elses plant...you know they are just playing games to keep themselves in comfy chairs in australia while hancock does the work on the iron ore.
 
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