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are commerce resources finished?, page-2

  1. 743 Posts.
    Rob, this is a highly damming situation for Commerce as it will be a long time before Joe Public and institutions trust them. The most damming aspect of this matter is the fact that the Commerce resource base consists of only Indicated and Inferred (no Measured). If they can't get Indicated and Inferred right, goodness knows how they will manage the higher Measured category, let alone determination of Proven and Probable Ore Reserves.

    Gippsland on the other hand has most of Abu Dabbab in the Measured and Indicated Resource category. Additionally, a major part of the Resources are in the Proven and Probable Ore Reserves category. Thus it is silly for analysts and promoters to put Commerce on the same shelf as GIP which is at least 2 years ahead of Commerce (assuming Commerce actually have Resources - LoL).
 
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