Quantum, thats the thing about investing in mining stocks. The drills hit some nice rich gold wds and the start of a resource is on the way with the Analyst pumping the share higher. Drilling continues and higher share prices allow PP and more exploration.News will continue and eventually the drills prove up a resource and at this point a feasibility study is done to see if it is viable to go ahead with the project. Quantum, at this point is where alot of investors well sell their shares as they do not want to wait for the next phase and well bail. Analyst, well say well the share got ahead of it-self and lower their target share price. ....
...Inferred Resources..
...... are ( inferred resource ) estimates prepared using the polygonal calculation method which, in the opinion of Geoex, is the appropriate method and is typically used for this type of deposit. Speaking of Rubicon, Our objective now, through our continuing delineation program, is to upgrade part of this large inferred resource, move toward development and to continue to expand the gold system. San started out with inferred ( 43-101 ) like RMX but has moved up near 1, 000,000 oz to indicated and proven, something Rubicon does not have. Reading here that the next stage is development means some will hang around and kick the tires and others will move on to the next big play. PS" reading between the lines from RMX, The potential tonnages, grades and ounces set forth in the analysis of geological potential are conceptual in nature, as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource....Long On The Greens.Traps7
