Condor Resources Inc V.CN

Holy Sheet

[ALTEL]

Using the Horseman’s numbers, the blanket ore body measures 800m x 500m x 150m thick.

 At 1GPT he comes out with 5,100,000 OZ AU x $1700/OZ = $8,500,000,000

At 3.49 GPT he comes out with 17,900,000 OZ AU x $1700/OZ = $30,400,000,000

Can you imagine a .20 stock announcing a $30 billion open pit discovery

And most of it could be proven with the maiden shallow drill program

Somebody check my math …… that can’t be right …. can it?

[gpsairgoldteam]

Not only that. But the deposit most likely etends under cover much further. And then across the valley to an even larger area.

[gpsairgoldteam]

OH! and there is possibly a large Copper/Gold poryphery under all that too.

[gpsairgoldteam]

Plus maybe another 2-4 world class deposits also in Peru. Including another that looks like Pucamayo in permit application phase now.

[gpsairgoldteam]

Only concern is they are low on cash. Worst case they must wait until April for Chakana Copper to pay them $4.5 Million in cash.

[shelby2]

thought they were selling off 36% of another company they own, also wasnt money due in dec then april?  ALTEL   yesssssssss holy sheet. and they have 3 other properties that could also be world class. yaaaa baby

[gpsairgoldteam]

Hard to say what the 36% is worth. One company took a shot already and declined the option. The Chakana money was originaly due in December. But moved to April, along with language saying "Covid is no longer an excuse for not paying"

[GoldfingerU3O8]

My numbers are higher. Probably because I used 2.8 tons per cubic meter. 10 Bn Dollar for the 1 g option and 35 Bn for the 3,49 gs and 50 Bn for the 5.0 g Tons per cubic metre 2,8     Price ounze 1700     g per ounze 28,34    

[Crashcomingsoon]

Imagine gold at $3000/oz and silver above $50/oz.