RE: RE: RE: RE: RE: RE: RE: NEWS OUTI didn't say
$150 g/ton....Here is the copy/paste from my post;
""If they say they have Gold, Lead, and Zinc value that equals 150 G/ton Silver"" There is no $ sign there....
Here are the last 5 Column Headers;
| Ag (g/T) |
| Au (g/T) |
| Zn % |
| Pb % |
| Ag Eq.(g/T) |
Silver, Gold, Zinc, Lead, and
Silver Equivalent g/ton.
I was giving them 150, but I think it is closer to 100 g/T.
Note the numbers in the last column. They seem to me to average about 100 g/T Silver equivalent.
This is 3 ounces per ton, or $45 per ton In-Situ Value of Silver/Gold/Zinc/Lead per Ton, based on the $15 per ounce Silver figure they use.
How they have done it, is used the $ figure they give for Gold, Lead and Zinc and multiply by the g/ton, to come up with a $ figure for the other metals. Then divide it by $15 to come up with the g/T equivalent Silver for the other metals, and add that to the Silver figure in g/T, to get the numbers in the last column.
If this column does in fact average 100 g/T Eq Silver, then that is only $45 per Ton, based on the $15 they use.
What they should have done in the NR was to give the GMV or Gross Metal Value per Ton, but likely didn't, since it appears to be low.
Again, this average I am using here of 100 g/T is only a guess. You would need to calculate the Core lengths and grades to get an accurate figure, and they could/should have done that.