FFX 0.00% 20.0¢ firefinch limited

Guys - back of the envelope (boo) resource calculations are...

  1. 347 Posts.
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    Guys - back of the envelope (boo) resource calculations are extremely unhelpful for investors, and often wrong. These are the types of quick calculations geologists make as they run through a drill program with their peers, to decide on drill hole prioritisation, amongst other elements. But should these be put up in a forum to influence investor decisions - No ! Wait for the data from the professionals please !! In the meantime - use the 12-15 Mt target guidance which BGS have given.

    I was poo pooed for telling people to wait for a resource calc at DKO (which as I thought would be allot higher than the BOO estimates) - because the inherent variability between drill strings in density, lithology and grade - at different depths, is just not something you can stich together with a back of the envelope model.

    My advice - just be patient and wait for the actuals people. Feeding inaccurate information / guesswork is not helpful to investors who are looking to get in on this. You may not think so but people read information on this site without understanding and if one of you states it's likely to be XXX Mt then they may not understand what that means.
 
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