GREY:LCPRF - Post by User
Comment by
kroghon Sep 09, 2011 1:17am
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Post# 19025282
RE: RE: RE: More drilling
RE: RE: RE: More drilling As elmo said you forgot to multiply by 2.5 or 3This line So, weight of cap = 1000m x 1000m x 75m = 75,000,000 tonnesshould have beenSo, volume of cap = 1000m x 1000m x 75m = 75,000,000 m^3Then the weight is 75,000,000 m^3 * 2.5 tonnes/m^3 = 187 million tonnes.The gold content is then approximately 0.3 g/t * 187 million tonnes * 0.035 ounce /g = 2 million ounces of gold.It is a phenomenal deposit. The limiting factor will be if there are any majors that are willing to pay billions at the current time. We can always sell it for more than the current market cap, I presume.Cheers.