The Company now expects to complete an updated NI 43-101 compliant resource estimate for the Velardeña Operations during the second quarter 2012. In line with the Company's emphasis on the higher classes of mineral resources (measured and indicated), management and their qualified advisors have decided to narrow the definition of the lowest resource class (inferred resources) to include only that material meeting strict and readily-justifiable geostatistical and conservative geologic criteria. Because of this, we expect to report a smaller inferred resource base at Velardeña compared to the inventory carried in the past. Management and their advisors do not believe that this stricter interpretation of inferred resources reflects upon the quality of the resource at Velardeña or the likely longevity of the operations.
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If so, send him this will you? Below is from the Golden Minerals (AUMN) NR this morning, talking about that resource that used to be owned by ECU Silver. You remember? Yeah, that one the Mexico Mike twisting, deceitful dumbass scumbag used to wax lyrical over about because he was getting paid to pump the company.