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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Post by Public_Heelon Jan 02, 2009 5:41pm
292 Views
Post# 15678996

How I get 0.02

How I get 0.02

 70.5 grams per ton of concentrate

  5.1 kg of concentrate

  Thus, the amount they actually had in their sample was 70.5 * (5.1 * 2.2) / 2000, or 0.396 grams

  The 5.1 kg of concentrate came from 19.2 tonnes of original sample.

  The NR was quite clear that the 5.1 kg was the TOTAL result from ALL of the 19.2 tonnes.

  If you get 0.396 grams from 19.2 tonnes, that's 0.396 / 19.2, or  0.0206 grams/tonne

 

  Sorry, I don't see what's "screwed up" about these numbers. Someone please fill me in.

   If they'd reported .35 grams/tonne, in an alluvial deposit, the stock would be over $2.00 right now, and I'd be leading the buying.

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