Which is better ? Drill more with current ( galloway misunderstood )
= no-one will know what the galloway has for potential.
PEA - would allow a polishing of the project and introduce
to retail what the galloway has to - offer.
this creates competition to - larger player - wink.
IF.... Fokus has asked ( Technominex of
Rouyn-Noranda )
to review the 47,000 m ( historicals ) for ( other minerals )
besides hte retake on gold grades... and a thorough analysis
was performed - not sure - ( oct 28 2020 - press )
Then...
i myself would ask for only ( 2 ) secondary mineral credit
reviews -
- iron - based on other reports - vantex - there's 4.5% Fe average
- aluminum - same - vantex - report - 6.9% Al average.
If ever proved - homoganous throughout depoist with these two
secondary mineral credits then....
One would be able to ( SIMPLIFY ) mining and turn this galloway
into a - LOW COST PRODUCER -
NOTE - copper + silver credits
come nowhere near the values of - iron and aluminum.
aluminum + iron are the two greatest strengths.
as for - molybdenum - junior would need ot provide more
information - moly is a mystery minerals - no one really
knows what galloway holds in moly.
- IRON is easy to pull from gold ores. ( given )
- ALUMINUM - as a BAUXITE ( 60% + 12% Si ) allottment
- IRON = $119 / t usd
- BAUXITE 60% = $110 / t usd
Fokus has pegged the cost per tonne @ - $35/.tonne
If Fokus ran with
- 1,788,100 oz @ 0.97 grams per tonne
obviously it would attract more attention than, 1.4 million oz
LOWER GRADES WERE ADDED ?
grades under 0.97
More gold but.... more tonnage mined
more costs to mine.
finding the middle road seems to be, 0.97 / g / t
1.788,100 oz
Even though - VANSTAR - used 0.85% gram grade
their recovery rates with most likely nock it down to
0.75 % grade.
If Fokus ran with - 0.97 grams - less % 90% recovery
= 0.80 ( gram ) full recovery
Fokus is now richer - grade - positioned better than
Vanstar - competitor.
------------------------------------------------------------------------------------
.
31.1 grams in 1 oz of gold
~ 0.80 grams
= 39 tonnes ( 1 oz )
$35 per tonne mine cost
x 39 tonnes
= $1365 usd
$1700 spot gold ( i usd ( ( less than innoxplo - better buffer )
- $1365 cost
= $335 profit / oz
x 1.788.100 oz
= $599,013,500 usd ( million )
~ 140,000,000 shares out
= $4.27 / sh
That's based on gold out of the ground.
If mind b Fokus.
If another bought Galloway ?
$200 oz wholesale
1.788,100
x $357,620,000 usd
~ 140,000,000 shares out
= $2.55 / share
Not investment advice -
--------------------------------------------------------------------------
Supposing ( aluminum + iron ) grades were consistent
these grades would need to be verified by - Technominex + lab
Let's assume the are....
and to shorten this post i'll just sho the numvers i've crunched
ALUMINUM - 6.9%
151.8 lbs - per tonne
x 39 tonnes ( also makes 1 oz gold @ 0.80 grams )
5,920 lbs aluminum
~ 1,320 ( eq to 60% vauxite grade 12% silica )
= 4.48 tonnes of ( aluminum 60% con )
x $110 usd
= $492 usd ( bonus )
IRON - 4.5 %
99 lbs - per tonne
x 39 tonnes ( also makes 1 oz gold @ 0.80 grams )
= 3,861 lbs
~ 1320 ( 60% iron con )
= 2.92 tonnes ( iron @ 60% con )
x $119 / t usd
= $248.08 usd
COMBINED ( alum + iron ) credits
= $740.08 usd ( secondary credits )
,
Let's now pull forward -
$35 cost to mine 39 tonnes ( 1 oz gold )
= $1365
- $740.08
= $624.49 usd - all in cost to mine per tonne
Operations are now - stremlined -
quick iron cedit
quick bauxite credit
no real slow down in mining
Now a low cost producer
$624 / tonne
who could match it - nowadays ?
hello.
All based on....
hypothetical iron + aluminum grades.
extracted from - vantex - report .
only 4 - 5 hole assessment.
And that is why....it's important to ensure Technominex
performed such - assessments.
maybe they only sought - copper, silver... ugh.
There's my case for....
PEA - would be a far better route than, more drilling.
would elevate stock price - less dilution for drilling .
this should be worked on now...
before a mid june drill program.
PEA - could take less than 3 months.
Having it 90% complete.
Then... last min incorporate - next round of drilling .
Done by, Sept.
All new drills into maiden PEA.
And... run with the - 0.97 gram ( 1,788,000 oz )
less 10% recovery
= 0.80 gram per tonne
------------------------------------------------------------------------
DRZACON -
Yes... i know drill hole - KOD - 86 01 - is on Hendrick's
My research has found - this same hole was poistioned
origianlly on - Perron -
Vantex stated - this sril lhole was - 500m S/W from Hendricks
I have reposition the 2 ( yellow dots ) as close as to the
Gov't Quebec website - drill data logs.
What i think... or assume has happened is...
Vantex partitioned and sold pieces of the Galloway.
Vibable gold got some...
And.. .the two lower perron claims are - mia.
As for the single perron claim with 2 drill holes ?
They are on - Hendricks.
I would say... Hendricks absorbed the single 1 perron
claim of 3 - and simply incorporated this land mass
into Hendricks.
I have drawn a line to division what i added - to image.
- 2 perron holes
- 1 mystery hole - not on galloway claims
mystery hole is still realavant - intel what's below grade.
- do take notice of.... KOD 86 01 - data i've added
same hole is also printed above in - Fokus" - image.
- i chose to repeat this hole - labelling it perron -
even though it's now on, Hendricks...
all because Fokus" data shows - 395.78 m
vs - 401 m.
- pending is now better understood with the - line division.
line is - fokus" - stating GA 21 30 was in pending mode.
Which is better ?
Drill more with current ( galloway misunderstood )
= no-one will know what the galloway has for potential.
PEA - would allow a polishing of the project and introduce
to retail what the galloway has to - offer.
this creates competition to - larger player - wink.
IF.... Fokus has asked ( Technominex of Rouyn-Noranda )
to review the 47,000 m ( historicals ) for ( other minerals )
besides hte retake on gold grades... and a thorough analysis
was performed - not sure - ( oct 28 2020 - press )
Then...
i myself would ask for only ( 2 ) secondary mineral credit
reviews -
- iron - based on other reports - vantex - there's 4.5% Fe average
- aluminum - same - vantex - report - 6.9% Al average.
If ever proved - homoganous throughout depoist with these two
secondary mineral credits then....
One would be able to ( SIMPLIFY ) mining and turn this galloway
into a - LOW COST PRODUCER -
NOTE - copper + silver credits
come nowhere near the values of - iron and aluminum.
aluminum + iron are the two greatest strengths.
as for - molybdenum - junior would need ot provide more
information - moly is a mystery minerals - no one really
knows what galloway holds in moly.
- IRON is easy to pull from gold ores. ( given )
- ALUMINUM - as a BAUXITE ( 60% + 12% Si ) allottment
- IRON = $119 / t usd
- BAUXITE 60% = $110 / t usd
Fokus has pegged the cost per tonne @ - $35/.tonne
If Fokus ran with
- 1,788,100 oz @ 0.97 grams per tonne
obviously it would attract more attention than, 1.4 million oz
LOWER GRADES WERE ADDED ?
grades under 0.97
More gold but.... more tonnage mined
more costs to mine.
finding the middle road seems to be, 0.97 / g / t
1.788,100 oz
Even though - VANSTAR - used 0.85% gram grade
their recovery rates with most likely nock it down to
0.75 % grade.
If Fokus ran with - 0.97 grams - less % 90% recovery
= 0.80 ( gram ) full recovery
Fokus is now richer - grade - positioned better than
Vanstar - competitor.
------------------------------------------------------------------------------------
.
31.1 grams in 1 oz of gold
~ 0.80 grams
= 39 tonnes ( 1 oz )
$35 per tonne mine cost
x 39 tonnes
= $1365 usd
$1700 spot gold ( i usd ( ( less than innoxplo - better buffer )
- $1365 cost
= $335 profit / oz
x 1.788.100 oz
= $599,013,500 usd ( million )
~ 140,000,000 shares out
= $4.27 / sh
That's based on gold out of the ground.
If mind b Fokus.
If another bought Galloway ?
$200 oz wholesale
1.788,100
x $357,620,000 usd
~ 140,000,000 shares out
= $2.55 / share
Not investment advice -
--------------------------------------------------------------------------
Supposing ( aluminum + iron ) grades were consistent
these grades would need to be verified by - Technominex + lab
Let's assume the are....
and to shorten this post i'll just sho the numvers i've crunched
ALUMINUM - 6.9%
151.8 lbs - per tonne
x 39 tonnes ( also makes 1 oz gold @ 0.80 grams )
5,920 lbs aluminum
~ 1,320 ( eq to 60% vauxite grade 12% silica )
= 4.48 tonnes of ( aluminum 60% con )
x $110 usd
= $492 usd ( bonus )
IRON - 4.5 %
99 lbs - per tonne
x 39 tonnes ( also makes 1 oz gold @ 0.80 grams )
= 3,861 lbs
~ 1320 ( 60% iron con )
= 2.92 tonnes ( iron @ 60% con )
x $119 / t usd
= $248.08 usd
COMBINED ( alum + iron ) credits
= $740.08 usd ( secondary credits )
,
Let's now pull forward -
$35 cost to mine 39 tonnes ( 1 oz gold )
= $1365
- $740.08
= $624.49 usd - all in cost to mine per tonne
Operations are now - stremlined -
quick iron cedit
quick bauxite credit
no real slow down in mining
Now a low cost producer
$624 / tonne
who could match it - nowadays ?
hello.
All based on....
hypothetical iron + aluminum grades.
extracted from - vantex - report .
only 4 - 5 hole assessment.
And that is why....it's important to ensure Technominex
performed such - assessments.
maybe they only sought - copper, silver... ugh.
There's my case for....
PEA - would be a far better route than, more drilling.
would elevate stock price - less dilution for drilling .
this should be worked on now...
before a mid june drill program.
PEA - could take less than 3 months.
Having it 90% complete.
Then... last min incorporate - next round of drilling .
Done by, Sept.
All new drills into maiden PEA.
And... run with the - 0.97 gram ( 1,788,000 oz )
less 10% recovery
= 0.80 gram per tonne
------------------------------------------------------------------------
DRZACON -
Yes... i know drill hole - KOD - 86 01 - is on Hendrick's
My research has found - this same hole was poistioned
origianlly on - Perron -
Vantex stated - this sril lhole was - 500m S/W from Hendricks
I have reposition the 2 ( yellow dots ) as close as to the
Gov't Quebec website - drill data logs.
What i think... or assume has happened is...
Vantex partitioned and sold pieces of the Galloway.
Vibable gold got some...
And.. .the two lower perron claims are - mia.
As for the single perron claim with 2 drill holes ?
They are on - Hendricks.
I would say... Hendricks absorbed the single 1 perron
claim of 3 - and simply incorporated this land mass
into Hendricks.
I have drawn a line to division what i added - to image.
- 2 perron holes
- 1 mystery hole - not on galloway claims
mystery hole is still realavant - intel what's below grade.
- do take notice of.... KOD 86 01 - data i've added
same hole is also printed above in - Fokus" - image.
- i chose to repeat this hole - labelling it perron -
even though it's now on, Hendricks...
all because Fokus" data shows - 395.78 m
vs - 401 m.
- pending is now better understood with the - line division.
line is - fokus" - stating GA 21 30 was in pending mode.
----------------------------------------------------------------------------------
So yeah....
i prefer the ( 1.788,000 oz ) figures.
i crunched several angles seeing which scenerio was best.
mixing two lower grades with - 1.07 grams
mixing one lower grade with - 1.07 grams
same above with - 0.97 grams
or... drop current down to - 0.80 ( i don't know what tonnage )
no melt
just crush, mill, sift - float and out the door .
flintstone style.
wink.
So yeah....
i prefer the ( 1.788,000 oz ) figures.
i would've loved ot squeeze in more gold...
but the lower grade increases the tonnage costs exponentially.
hence - 0.97 seems to be the sweet spot ,
i crunched several angles seeing which scenerio was best.
mixing two lower grades with - 1.07 grams
mixing one lower grade with - 1.07 grams
same above with - 0.97 grams
or... drop current down to - 0.80 ( i don't know what tonnage )
seems to be the best metrics. ... mindfull of tonnage + consts
FINAL SUM -
0.97 grams + 2 simple ( oxide credits )
no melt
just crush, mill, sift - float and out the door .
flintstone style.
wink.
Cheers....
p.s here's a website showing the Canadian aluminum
operations - Rio Tinto - i would mold Galloway in this direction -
they have several quebec aluminum plant - Rio Tinto Aluminum plant locations
- Fokus has rail right on it's property
- Rio is placed - approx - 375 miles away ( Monreal )
Aluminum 60 % Con + 12% Si
$70/ usd ( 2019 )
if on opens link belwo we can see aluminum prices were
almost 1/2 cheaper - than what is now...
Thosefigure in link chart - are metal figures.
So... i tacked on a few more buch to $110
- also considering China has a VAT tax upto 15%
- also as most know... shipping costs are thorugh the roof
mega bucks to form overseas....
- hence.... $110, i figure as a reasonalbe 60% con price.
- the ( anomaly ) here is - Canada imports most al lit\s aluminum.
i figure if one has a good 6.9% grade and is already crushing the
ore to pull the gold - why not... pull the iron and aluminum ?
NATURAL RESOURCES - CANADA - https://natural-resources.canada.ca/our-natural-resources/minerals-mining/minerals-metals-facts/aluminum-facts/20510
Cheers.....
Post is not investment adivce.