cruuuunnnnch !, page-5

well the main things for me are..

how are previous amaya (rau not luzon) resource statements ok when the new one isn't due to insufficient survey?

you only need a reliable datum to pin everything to, not a national survey, but dazzle 'em with technical stuff, maybe.

rau said in november 2008 that the dam location was under prelim design.

12 nov 2008
"The Amayapampa Bankable Feasibility Study is progressing well, with a preliminary design being completed
for a new tailings dam location".

in november 08, in conjunction with a resource upgrade, they also said

"Surveying of underground sample mid-points and drillhole collars are to industry standards.

Topographic survey control is adequate for Mineral Resource Estimation.

but then, same ann,

"Near-surface blocks have been downgraded one mineral resource classification, due to minor
miss-matches between drill collar elevations and topographic surface"

should this be considered adequate for estimation? (downgrades considered),
...don't think so, now even rau appear to be not so sure, if the following is correct..

18 sept 09
"The promised resource estimate upgrade is running behind schedule, but with the continued
receipt of high grade trench samples, this sampling programme needs to be completed first. The resource
upgrade just can’t be completed until the surface topography is correct".

...maybe just a few senior moments?,

as for implications for peasants...

remember OK TEDI?

feasibility will clear all this up, no doubt, if and when it arrives.
..but if prior statements are now in doubt (even by omission or error in detail of prior ann's)
the implications should be obvious to all.

agree there has been much drivel, of late.

regards