2 thoughts on “OrenincTV Episode 18: Resource Statements”
How do you model projected resources when you only have a few drill hole data points? How much can you extrapolate out of incomplete grade and ore formation data?
Very nice 7 minute explanation for how to value resources.
I tend to draw a sketch of the ore body, and I extrapolate what I would need to make the ore body work, and then I judge the odds of the geology working on that basis. It is rough, but then again so is anything in this business.
How do you model projected resources when you only have a few drill hole data points? How much can you extrapolate out of incomplete grade and ore formation data?
Very nice 7 minute explanation for how to value resources.
I tend to draw a sketch of the ore body, and I extrapolate what I would need to make the ore body work, and then I judge the odds of the geology working on that basis. It is rough, but then again so is anything in this business.