OTCQX:BGMZF - Post by User
Post by
dogwagon Aug 13, 2012 8:58pm
498 Views
Post# 20213195
HERE IS MY GUESTIMATION!!!!
HERE IS MY GUESTIMATION!!!! I took all the results from each bench and multiplied them by only the % of drilling done at each bench and this should give us a close estimate of the amount of the indicated resource.For the benches which were greater than 70% I used 80% not drilled and only 20% of these benches drilled.My estimate is 3.5 million ounces INDICATED which includes the previous resource estimate of 750,000 ounces.I would also estimate at least half of the remaining resource would be in the inferred catagory.So My final estimation would be 3.5 million ounces INDICATED at approx. 5 GPT and 3.5 million ounces inferred at approx 2.5 GPT.I also think this is what the market is starting to tell us with the current price.IF we had this senario the Key to this resource estimate may lie in the strip ratio!!!Any and all thoughts!!!!!