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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Bullboard Posts
Comment by Suomalainenon Oct 14, 2010 12:08pm
173 Views
Post# 17564290

RE: Cubing The Hole

RE: Cubing The HoleI am a novice when it comes to figuring resources in the ground out.

You seem to be comfortable with such matters?

I think I followed how you did your calculations but the one thing that I don't see is what the total volume (or tonnage of ore) you used was since I think this would be needed to figure out the total value of the gold in the ground and then divide that by the outstanding shares?

Is that how you came up with $1.32?

Oh, and how did you factor in the cost of mining and processing the ore?

And how the capital costs of the mining infrastructure would be recovered over the life of the mine?

Bullboard Posts