Thanks robbo, understood!

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dugsab

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12/07/17

06:01

Post #: 25807023
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Originally posted by robbo24 ↑

Hi dugsab,

If a company competent person prepares a report and then it is reviewed by a third party, independent competent person then it will be OK.

The historic data is literally sales records from publicly listed companies over the years, the location of their mining, the tonnage. The grades are calculated from this data. There is also many rock chip samples from particular locations within the mine taken by surveyors over the years - I understand there was a pre-WW1 survey that took 1000s of samples from around the mine. All this data has taken 2 years to process.

My view is that rock chip samples and actual grades derived from the actual underground mine itself, plus the drilling results from NTL from years ago, is more data (in fact, more data and more relevant and more reliable) than you would get from chucking down a few drill holes and letting computer modelling do the job alone.

I'm not a geologist but I certainly understand the Code and I certainly understand the benefit of having actual samples taken by a surveyor (and their written records) compared to drilling alone.

Is there any particular provisions of the Code that you don't think this level of detail can meet? By all means post the sections up and we can have a chinwag about them.

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Thanks robbo, understood!

NTL Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Thanks robbo, understood!

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