Vanchester,
After waiting for such a long time only to be disappointed with the information supplied by ISM in their last Ni 43-101 Resource Report, I would think most ISM shareholders are expecting nothing less than to see the Average Low Grade Resource Recovery % Numbersfor the L-2. After all, the bulk of ISM’s Resource in the Langmuir Properties has been confirmed by the company to be low grade. It serves no purpose for shareholders to only see ISM’s highest grade average recovery % numbers, as it is just a very small percent of the overall resource defined to date.
The L-2 numbers are what the market is waiting for. This is the property that has been hyped as the Company Maker from Day 1. The L-2 holds over 85% of the Resource defined in the last NI 43-101. When the market sees the Recovery % numbers of the average low grade in the L-2 Resource, it will be the strongest indication whether the L-2 resource may be viable.
I would also expect ISM to include their Financial Feasibility numbers. Although I believe most are expecting to see these numbers, personally I doubt ISM will risk putting them forward at this time. ISM have spent very little of the exploration budget Micon set out and recommended in their last NI 43-101. In my opinion, it clearly shows lack of confidence in the viability of the Resource defined to date.
As I have said many times before, I still believe ISM may someday prove up a similar size and grade Resource as that of LBE’s McWatters. That’s a question for another day.
Best
Nickel
