CTO citigold corporation limited

reserves and resource increase, page-4

  1. gmt
    8,255 Posts.
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    They would never confirm or deny that unfortunately, Pooh.

    These confidence levels hardly instill any confidence.

    "The confidence level is ±10 to 15% for the contained ounces in the Probable Ore Reserve [termed Probable Mineral Reserves in the Canadian NI 43-101].
    The confidence level is ±30% for the contained ounces in the Inferred Mineral Resource, because two mining factors have been included (a minimum mining width of one metre, and a substantial discount of the
    tonnes (70%) based on known mine payability on the reefs)."

    Better odds to be found on a black jack table.

    Nothing like reducing the cut off grade to make the numbers look better.

    DYOR My thoughts and ramblings only.
 
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