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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Comment by Public_Heelon Oct 26, 2011 10:08am
193 Views
Post# 19182263

RE: produx estimates

RE: produx estimates Let's say they can do 700 t/hr, 48 hours/week, for 50 weeks in 2012. All very optimistic, I think. That's 1.68m tons, or about 1m cubic meters. So about 40 cubic meters per oz (taking the low end of the production estimates), or 0.775 grams per cubic meter. That's after wastage of the finest particles, so let's say more like 1 gram per cubic meter. That's MUCH higher than I would have expected. Possibilities:1) they'll average a lot more than 700 t/hr2) they'll work more than 48 hours/week3) they've found a very-high-grade area to start out with (seems unlikely, given that they bought this parcel for a song)4) my calcs are all wrong
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