GREY:INNHF - Post by User
Post by
production05on Feb 26, 2013 10:20am
341 Views
Post# 21042429
Early thoughts (60M Ag equivalent - Ag,Au,Pb,Zn)
Early thoughts (60M Ag equivalent - Ag,Au,Pb,Zn) 1) 50.5 million Ag in M&I and only 3.5 million Ag in Inferred - the high M&I (relative to Inferred) advances the project substantially (many companies typically have higher percentage resource in Inferred for initial resource, but Northair took a different approach by drilling up first before publishing maiden report)
2) the 76 g/t silver grade is very impressive
3) Silver Equivalent - I calculate around 60 million
Pure silver = 54 Million (M&I + Inferred)
Silver (Ag) Eq of Gold = around 2.4M
Ag Eq of Lead = around 1.7M
Ag Eq of Zinc = around 2.3M
Price used:
*Ag - $29.20
*Au - $1,600
*Pb - $1.00
*Zn - $0.95