Conceptual ImageHere is a conceptual image of the potential of their Deer Horn Project.
NOTE* these numbers are not confirmed but are used to build an image of the Deer Horn potential.*
They have given 1500 meters of strike for the system so far. Depth is open.
1500m(strike) x 15m(width) x 300m(depth) x 2.5 (SG) = 16,875,000 tons
Using a grade of say 3 grams/ton gold they could have about 1.5 million ounces of gold potential which could be worth about 2.55 billion at a 1700 dollar/ounce gold price.
Using a grade of 90 grams/ton silver they could have about 46 million ounces of silver potential which could be worth about 1.35 billion at a 30 dollar/ounce silver price.
For Te it seems to be about 1:1 with silver so you could estimate about 46 million ounces of Te too.
Of course there are a lot of 'ifs' involved with the numbers used so take these calculations as a bit of a pipe dream at this point. As management works to give hard numbers to the system then the true potential will unfold.
Have fun with the numbers to see possibilities for the up or downside.
BWT