question

Possom, Butler, Roo etc
I have a question regarding not only Carrick, but gold explorers in general, using Carrick as an example.

My question is: Why on earth does it take so long in this day and age with all the technology available, to convert the gold samples taken from millions of core holes, into a measured rescource that can be deducted from a cost of mining/refining per tonne that can be used to acurately value a companies net-worth?

I understand that the Geologists, Proctologists, Gynacologists and all those other 'ologists will err on the side of caution and site Internation Rules and Regulations to water-down the end Measured Category for fear of being sued and paying more for their Professional Indemnity Insurance. But for gods sake, Carrick's measured rescource has increased just 5,788g in almost 6 years! When the inferred rescource has climbed from 1.5 million grams to almost 4 million.

I've just spent a few hours going through the mountain of reports and releases Carrick has sent me since 2002 & was amazed at the slow progress converting Inferred to Indicated to Measured, as displayed in the figures below:

0.5g/t cut off grade

26/10/2002 35,891 Measured
12/01/2006 38,086 Measured
13/05/2008 41,679 Measured

Please don't read anything negative into this post regarding Carrick, as the same can be seen in every other gold explorer on the asx at the moment. It just amazed me at the slow progress in converting desert rock in something of value. I'll be on board untill either HMAS Carr or the Good Ship Krudler start springing leaks, and my holdings will only increase from here.