well summarised skaterboy.This is the nature of narrow vein...

well summarised skaterboy.

This is the nature of narrow vein mining ..you will never define the reserves, there' no point... too expensive.
The best you can hope for is predictability and a confidence level - a repetitive and continuous reef system and at least start off with a high inferred JORC resource.

CTO has it.

BDG doesn't - as it has separate reefs, no continuity or predictability there.
It doesn't mean BDG won't succeed, just carries a lot more risk.

Another narrow vein mining stock I hold HEG is not even focussed on defining a gold resource ,let alone a reserve, it's just going after the gold and straight to pilot mining.

CTO and HEG are in areas that were historically mined to shallow depths ..we know there's gold there and gold starts from underground ,, there should be plenty there still.