EAR 0.75% 33.3¢ echo resources limited

Ann: Orelia Soars to 1.1 Million Ounces of Gold, page-26

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  1. 8,616 Posts.
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    I don't disagree with any of this personally other than the 'smearing' comment, not exactly unusual for gold deposits to have low and high grade zones morphing into each other.

    The pooint of the 'large resource' is that there is now likelihood of a significant reserves calculation.

    We (ie shareholders) need to wait for confirmation of initial Orelia reserves to get a real handle on potential (ie likely mineable ounces at target grade), as that will likely use a higher cutoff.

    IMO a reserves number for 400-600k oz at around 2.3g/t would be my estimated target range. Bottom end of that range would be par (though still very good given company's market cap), top end outstanding...likely something in between.

    Cdchi1
 
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