GREY:LBEFF - Post by User
Post by
surething1111on Jan 25, 2010 8:44pm
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Post# 16717591
Fictitious Numbers Wanted
Fictitious Numbers WantedDrillbit,
"ISM's langmuir just reported 93 Million pounds with potential for 20-40 million tonnes at .4-.5%...in any place THATS HUGE!!"
You do realize that to attain those numbers you have to use a cut off of 0.20% and then you only averaged 0.41% grade?
Knowing your passion for fictitious numbers why not try and figure this one out: What if LBE had used 0.20% cut off grades, how many more tonnes do you think they would have proved up? When you've figured it out come back and let us know. Then you can start work on problem set 2. Would it still be economically viable?
Of course, according to you......... it would be, ..............it has to be, .......... doesn't it?
So without you doing any calculations you've just made LBE even more attractive. Now that's more like the spirit you've been saying we should engender. Bravo!!!!
Remember there is HUGE and then there is not so huge .................but. economical. LBE investors know what they have. Can you say the same about your investment?
S
Disclaimer........ All of this is purely hypothetical any numbers delivered by the drillbit should be totally ignored or used for entertainment purposes only.