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Gold Resource Corp Message Board

  • xruhungry xruhungry May 5, 2012 1:59 PM Flag

    Doody's fact sheet on GORO is up to date

    Doody says that why 43-101 estimate is so conservative is that it had to use conservative caps on grades and that it would not give credit for mineralization beyond a specified radius from drill holes. Doody thinks the 43-101 is conservative because mining to date shows higher grades, much closer to management's estimate, and the company has indicated that channel sampling, more reliable than widely spaced drill holes, confirms much better grades.

    Who you gonna believe? Some anonymous basher on message board or John Doody, the most respected analyst in the field?

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    • They have consistently done this. Doing it once can be called a mistake or being too optimistic but doing it over and over is intentional fraud.

      The entire point of a 43101 is for situations like this. Still find it funny the reids refuse to publish one. This stock can be halted and gap down as much as 85% at anytime.

    • They used crappy estimates that anyone in the business would have known were unreliable. The estimates were too high, but it's not the first time someone in the gold business overestimated gold "resources." Do you call Nevsun's recent debacle a scam? I think it's more of one than long-term investors putting much faith in GORO's polygonal estimates.

      I call that caveat emptor.

    • I wouldn't call it a scam
      ------------------------------
      what do you call intentionally misrepresenting data to make the prospects of a company look better than they really are? i call that fraud/scam,etc etc. what do you call it?

    • Some anonymous basher on message board or John Doody, the most respected analyst in the field?
      ---------------------------------------------------------
      Frank Holmes is not an anonymous basher. He is a well respected CEO in the mining sector. A regular guest on CNBC and Bloomberg. Loser.

    • Some anonymous basher on message board or John Doody, the most respected analyst in the field?
      ---------------------------------------------------------
      how many billions have been lost in the stock market with this logic. john doody is long GORO and has promoted GORO to all his minions. you think he is going to say anything bad about this FRAUD of a company? i wonder if he is getting paid by GORO to promote the stock.

    • "Doody says that why 43-101 estimate is so conservative is that it had to use conservative caps on grades and that it would not give credit for mineralization beyond a specified radius from drill holes."

      So is he saying the method of estimating inferred resources under 43-101 is too conservative, or is he saying that an independent third-party applied the methodology incorrectly? When he says "conservative", does that mean less than he had hoped?

      Just don't see how anyone can make any fully informed conclusions from a summary of hand-picked information, as opposed the complete report, which has yet to be released.

      • 1 Reply to fdahope
      • He is saying that the limitations of the 43-101 standards are too conservative. He is NOT saying that PAH's methodology was incorrect. He is NOT saying that it was less than hoped. The truth is actual grades produced from the mine are a lot better than the 43-101 prelim estimate. Actual grades are a whole lot closer to management's internal estimate. High grade portions of high grade deposits come in spurts, which 43-101 standards do not easily measure due to wide spacing on drill holes.

        Production grades are the ultimate and more reliable determinant of what's in a deposit, not believe it or not 43-101 estimates. Also, management has indicated that the company's channel sampling at 3 feet intervals confirms high grade. 3 feet intervals are certainly better than 25 or 50 meter spacing of 43-101 drill holes.

 
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