RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Merril Skipjackmack:
Would you be so kind as to provide the math equation that you used to come up with
250,000 ozs M&II
500,000 ozs Inferred
Joakim was kind enough to provide all the steps he did in order to come up with
25,000 oz Measured, 2.17M oz Indicated & 3.35M oz Inferred = 5.77M oz
Others using his formula with different block sizes have come up with 3-4M oz.
I realize the higher the cut-off, the lower the tonnage and I understand the M&I in the 43-101
once the PEA is released by March 31, 2012 that those M&I numbers become proven ounces.
At that point, GBB can go to an Institution and say we have x proven ounces of gold, if you loan
us the money to start production, you will be repaid in gold bullion. BUT 750,000 ozs in total
would be a failure with a block model est of 2.4M ozs so I really need to know how you came up with
this, I am not saying you are wrong, I just need further education. Thank you in advance.