The estimate on Foreign Reserves figures on ***ong may be based mostly or even solely on Vein 6. You have to put yourself in the shoes of the mining operator in, 1967. JORC or the Canadian standards do no exist at this time. The only requirement to estimate reserves, is for practical purposes of running a mine. It's for internal purposes. Not to excite shareholders or anything like that. So Vein 6, being the highest grade, could have been the entire estimate because mining 7 g/tonne was marginally profitable and anything less than this was uneconomic to mine. That's how I see it. The BMV guys will be champing at the bit to open it up and de water all the shafts. The once considered uneconomic ore will now be very economic. Vein 6 is continuous at depth too!
SAU Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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