jorc

Slow boring day, stuck in beautiful Hobart between gigs, my mind turned, as it does, to UMC and the upcoming JORC. In a few short weeks all the speculation about Railway will be irrelevant because the inferred will be out. What will it indicate? I notice a few of our respected posters have recently revised their view and are referring to 50 million tonnes, rather than 100 million as before.

We now know the are is 2.1 square k I believe we will infer an average of 35 metres at 58%. which equals - 2.1 million x 35 x 3 x 58% which comes to, drum role please, 127 million tonnes. Overly optimistic? That's my nature, if you are going to dream, dream big.

Other views? Perhaps we could have a secondary sweep for those who missed out on the two dollar date.

Pagarsi