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Claude Resources, Inc. Message Board

sewells831 3 posts  |  Last Activity: Mar 1, 2016 9:26 AM Member since: Jan 15, 2010
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  • Reply to

    Fool's Gold By Steven E. Wells

    by union_merchant_marine Dec 18, 2015 2:43 PM
    sewells831 sewells831 Mar 1, 2016 9:26 AM Flag

    I'd also point out that while I was demonstrably wrong about the amount of gold they would find at F2, I was also demonstrably right about linear estimation techniques being pretty worthless for very high variance gold deposits. I was also right about the necessity of scientifically valid bulk sampling to get a true view of the deposit.

    I paid my money and I took my lumps for being wrong. I'm okay with that.

    Let's just be honest about the things I got right as well.

  • Reply to

    Fool's Gold By Steven E. Wells

    by union_merchant_marine Dec 18, 2015 2:43 PM
    sewells831 sewells831 Mar 1, 2016 9:18 AM Flag

    I'm pretty sure that from the get go I made it clear that a large part of my reasoning was that GG had expertise in Red Lake and that since GG thought BCD was a good investment that F2 was likely to be as well since the drilling showed more gold at F2 per meter of exploratory drill core than BCD did.

    The fact of the matter is that you and others wound up being right but as far as I'm concerned you wound up being right by accident. Which is a fairly worthless way to be right in my view.

  • Reply to

    Fool's Gold By Steven E. Wells

    by union_merchant_marine Dec 18, 2015 2:43 PM
    sewells831 sewells831 Feb 29, 2016 2:44 PM Flag

    Interesting post. As it turns out, GG is having the same problem at Couchenour that RBY ran into at F2. I guess they didn't know much more than I did. They must have been ignorant, arrogant know nothings too. They spent way more on BCD/Couchneour than RBY did on F2 to get essentially the same result.

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