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Searchlight Innovations Inc T.SLX


Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues. The Company is focused on acquiring business across the mining industry.


TSXV:SLX.P - Post by User

Comment by sunwoodon Mar 31, 2011 3:13pm
259 Views
Post# 18368898

RE: Progress

RE: Progress    That puts in all in perspective, doesn't it!

I figure that Duane's estimate must be something like this (maybe!):

    333 days x 300 tons per day = 100,000 tons (approx)  X  (10oz/ton = 283.5g/ton)  = Total Annual 1,000,000 ozs

    My guesses allow for 10% loss in production days and 7% loss in production tonnage. (I have a crystal ball, you know, plus some of these numbers come to me while I sleep.)

    In the GoldMInerPulse stats, which is based solely on NR (whatever that number is), Silvermex is presently shown as an overall 162g/ton and Great Panther is shown as 97.6g/ton.

    Thus, my first impression is that we may be looking at a substantial increase in the published yield.  Perhaps, Mineshack, you would be good enough to cast your expert eye over this and give us your thoughts.
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