OTCQX:GTBAF - Post by User
Comment by
lechmeiron Jun 11, 2021 7:05am
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Post# 33370747
RE:RE:RE:RE:Guess where I'm going
RE:RE:RE:RE:Guess where I'm going
Ivorygull - In Monday's webinar, CT suggested $265 per ounce for in situ gold, assuming favorable circumstances.
With that figure, $4 billion is a little over 15 million ounces. We'd all love more, but $60 is a pretty solid number. I wouldn't complain.
That said, here are my assumptions on contained ounces
| 4200 | length |
| 150 | width |
| 400 | depth |
| 2.7 | tons per meter |
| 680,400,000 | tons of material |
now assume 1, 2, 3, grams per ton and divide by 31 to get your ounces
That's the first 400 meters from surface. I think Cormark assumes .8 grams per ton, but it could be more.
| 544,320,000 | (.8 gpt) | equals | 17,558,710 | ounces |
| 680,400,000 | (1 gpt) | equals | 21,948,387 | ounces |
| 1,360,800,000 | (2 gpt) | equals | 43,896,774 | ounces |
| 2,041,200,000 | (3 gpt) | equals | 65,845,161 | ounces |