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12/6/13

Must-read for all junior mining sector participants

This Mineweb note is the best thing you'll read on the sector all week. Here's a clip:

"There used to be an old joke in university that geologists were engineers who couldn’t do math. Sometimes I wonder if this isn’t true when I see resource models for gold deposits with grades less than 1 g/t gold (or equivalent grades for other elements) in some inaccessible northern frontier area with no infrastructure or lying under 100 metres or more of till. This isn’t an orebody; it’s a shareholder-funded science project that didn’t work out."
The whole thing here