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0.6¢ laneway resources ltd

Thanks eastwest 101. I think most of us ARE gambling and...

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13,065 Posts.

187

06/02/19

17:25

Post #: 37352686
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Originally posted by eastwest101: ↑

No feasibility study = going down to the race track and throwing a dart at a list of horses. For further information feel free to read the last 10 years of the CDU threads and see how it panned out for them.

https://www.researchgate.net/public...Estimation_The_Importance_of_Getting_it_Right

I'm just going to leave this article here - its detailed enough for most to appreciate the issues involved but written clearly enough so that a layman has a chance of following it- if anyone is interested in the science of resource estimation this is one of the better published papers out there - if you can't understand this paper then you are gambling...

If nothing else look at Table 4 on page 84 to see how errors in grade estimation can potentially make even high grade deposits uneconomic - especially when combined with lengthy transportation logistics.

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Thanks eastwest 101. I think most of us ARE gambling and fully appreciate all the risks and that we're not investing in BHP. We're big boys.
Thanks anyway for your input.

LNY Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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