CCU 0.00% 5.8¢ cobar consolidated resources limited

Hi agian Jantimont.Probability just doesn't work that way.Its...

  1. 3,690 Posts.
    Hi agian Jantimont.

    Probability just doesn't work that way.

    Its like spending millions on research into the probability of a throw of dice and coming up with a mean result of 1+2+3+4+5+6=21
    Divide that by 6 and you get 3.5
    You throw your first dice and get a 1
    You then panic, do an announcement, say you have no idea about the mean , go into hiding and declare it was because someone did poor calculations.

    It really depends on how accurate a jorc is and how much faith the board has in it.

    If it is an established mechanism with a high defree of accuracy then they have had not enough faith in thectechniques used. If uncomfortable with the techniques used then they shouldn't have gone ahead.

    If their jorc had a huge sampling error they should have known that. If it didn't they have panicked unnecessarily.

    You really need a geologist to give their thoughts because my science background is biological.
 
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