RE: A different approach to share priceJust to be clear, my calculations show that every 100m stepout on strike, that is has at least .05%Mo avg over the 1st 500m from surface will add 40mln more lbs (and imperial tons) to the deposit calculation. I have bolded the important stuff and this would not be proven tonnage without more infill drilling.
on strike - implies a hole on a new fenceline to the NW of the fenceline that includes BD 08-25 & 08-24 & 07-15 (or SE of the fenceline that contains BD 07-01 ...only one hole there so far). Subsequent holes of similar grade would not add new tonnage to my calculation, just help confirm it
.05Mo Avg - this is the figure quoted by JMT when he suggested 80mln tons (assume imperial as it matches my calculations) in his interview
500m from surface - again, figure used by JMT, and seems to be about how deep an open pit there might go ...assumes geometry of the deposit is large enough to justify economics of going that deep with a pit
Here are the figures to use:
260m x 200m x 500m x 2.787 (i.e. density of Alaskite) = 72,462,000 metric tonnes of ore
72462000 x 1.1 (i.e. ratio of tons:tonnes ) = 79,708,200 tons of ore
79708200 x .0005 (i.e. .05%) = 3,985,410 tons of Mo
3,985,410 x 2000 = 79,708,200 lbs of Mo
Bubs