Need help with mining basics, page-15

  1. 147 Posts.
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    Yes, the company believes there are multiple deposits all of which may be very substantial.

    Only one target has been drilled so far (which is why they have just raised US$36mil to really step things up), yet the company is confident of a huge combined resource from just two targets, including the one which they have already drilled 23,000m worth of deep holes.

    Is it reasonable that a company can guess with any level of accuracy how many tonnes of ore there may be without having drilled the target?
 
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