For Stellar Pacific’s up and coming resource calculation, I took some known information and injected my best guess estimates to take a potential stab at guessing what the resource calculation might be. I have seen another company use 2.7 tons per cubic meter in their calculations, so I used that factor in my calculations also.
Solotomo B3 zone: (using avg. vertical width of 10m and avg grade of 2.06g/t)
1500m long x 150m wide x 10m = 2,250,000 cubic meters
2,250,000 x 2.7 = 6,075,000 tons
6,075,000 x 2.06g/t = 12,514,500g
12,514,500 / 31.1 = 402,395 oz
Solotomo B1 zone: (using avg. vertical width of 20m and avg. grade of 1.3 g/t)
300m long x 300m wide x 20m deep =1,800,000 cubic meters
1,800,000 x 2.7 = 4,860,000tons
4,860,000 x 1.3 = 6,318,000g
6,318,000/31.1 = 203,151 oz
Adding B3 +B1 you get = 606,000 oz
Then add on B2 + B4 + Solotomo Pit + Fadaninda = ???
26 drill holes were recently completed on Fadaninda’s west extension and south anomalies and are part of the 6400m assay results that are currently pending. Fadaninda sampling has repeatedly indicated high grade gold so these assay results could yield great results.
For simplicity sake, say the total resource calculation comes out to 760,000 oz .
Now consider just last November Grayd Resource Corporation was bought out for $275 million by Agnico-Eagle Mines Ltd. Coincidentally, Grayd’s measured resource was 760,000 oz.
If down the road Stellar gets bought out for the same amount, what kind of gain could we see from the current stock price?
275 x .49 = 134.75
134.75/143.36 =.94
Current Share price of v.SPX is $.035
Percentage Gain = 2586%
In the near term this stock should move up nicely on the next assay results. However, it is the pending resource calculation that should really light this one up. The company had expected to have the resource calculation done in the second quarter of 2012, but as we are now into the 3rd quarter, it could come at anytime.
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=134377
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