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Re: pumps and bashes

in response to Re: pumps and bashes by hoov
posted on Nov 06, 09 08:29AM

Hoov, get some much needed rest. This discussion is not worth your health. All your RoF holdings are likely to be worth more as time progresses. Meanwhile, stay diversified.

I want only to qualify one point in your post by asking if you really believe "open at depth" has no value because it cannot be used to increase 43-101 tonnage. No doubt, the 43-101 is like an audited financial statement. But it is only such by inclusion, it does not mean other valid information is to be excluded from overall valuation. And, that does not mean that anything additional management says is not valid. It may be speculative in value but valid. Many times we see credible NR's referring to "visible gold". There is no such thing in a 43-101. But we have no reason to say a "visible gold" observation by a highly credible management is of no value. Otherwise, there would be no NR's, no progress reports, no info whatever until management one day says "surprise we have a 43-101". And, caveat emptor, a 43-101 is only one element of many in valuation, a second being the probability of expansion of the resource. Among dozens of others that are required to bring economic value to any deposit. Many posters are confusing these issues on this and other forums.

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