"it is highly likely that the current drilling program that is well underway will increase our "Resource" estimate considerably. "
Again, further drilling does not guarantee an uplift in resource or grade, could probably get decreased or degraded, which I've pointed out before on the thread.
"This process allows the all important "Reserve" estimate to be increased fairly easily as the ore grade probability percentages used in the ore reserve model are increased as the gap between drill hole spaces is reduced. "
You apparently have no idea how resource is converted to the reserve category.
You probably worked in the industry for some years, but certainly not a geologist.
BDC Price at posting:
7.7¢ Sentiment: Sell Disclosure: Not Held
