Hi hoots
I am not singling out CDU what I refer to is to the whole market.
Nev makes it very clear, in I think his first report who sits on the JORC council and I believe placing paid employees of major mining houses on such a team is fraught with danger and that is the very inference that Nev makes in his report.
You can argue regarding cut off points not to include above which percentage but that means that ore in the calculation is not included, which leads to a false answer. I have no idea of what is or is not included regarding native copper but many have said a lot was not included. Some believe the code was bought in to protect investors, how come in your own words many mines are producing at 100% above their jorc grades. That level of inaccuracy is closer to a guess.
Why did they not go to the Standards Association of Australia to prepare a procedure to tabulate an economic mineral deposit.
Of course CDU chose the consultant, that is what a consultant is, why the 60% differential with very little extra drilling. CDU are not allowed to be their own consultant. Why are we not allowed to know what is in the companies internal 3D model.
With all the schennagins going on which many wrongly accept why do you not think the rules of the JORC may be a little wanting.
Why do we need to wait for mining to find out what is there.
What most want is the companies estimation of grades for year 1 to 10 and we want to know what the throughput of the mine will actually be years 1 to 10.
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