Wallbridge Mining Co Ltd. T.WM

Napkin math Resource Estimate

[jefedeoro]

Some posters over on the ceo.ca bullboard were doing some napkin math worth sharing.... Regarding area 51's current size @Markhanna wrote:

"900x600x400m = 216MM m3. Each cubic meter of rock weighs approx. 2.6 tonnes.  So that's ~561.6MM tonnes of rock.  At 1 g/t AU, that's 561.6MM grams of gold or 19.81MM oz/AU potentially at $WM Fenelon."

Add to this the ozs of the main Gabbro zone, 400 x 100 x 600, = 24M m3, x 2.7 tonnes = 64.8 Million tonnes  x 2g/t(?) = 4.4 Milion ozs

This would put us sitting on a potential 20 M oz + resource.

now as a measuring tool, Aurelian Resources Inc discovered 13.7 Million ozs of gold back in 2008 and sold for 1.2 Billion to Kinross.... Now, the price of gold in 2008 was  $869.00

So 13.7 M oz @ $ 869.00 POG = 1.2 Billion,

how much is 20 M oz +(and growing) worth at $ 1500.00 ?


I'm going to guesstimate 4-5 Billion easy, given we are talking about 30 Billion worth of gold (minus production cost of course)

That definatly sounds like something KL would be very interested in. :)

Any thoughts (or calculation errors) anyone?

- Jefe de Oro