GREY:NWSKF - Post by User
Comment by
calicheon Jan 16, 2013 2:41pm
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Post# 20846321
RE: Survey: Mkt expectation on Maiden Resource
RE: Survey: Mkt expectation on Maiden Resource i have seperated the resource into breccia and surrounding lower grade.. i believe the breccia will mostly be M&I with the low grade being inferred..
using the latest dimensions from the MD&A and an assumed grade of 5 g/ton for breccia i get
calculations breccia |
| |
length | 175.00 |
width | 55.00 |
depth | 500.00 |
cubic mtr | 4,812,500.00 |
tonnage | 2.80 |
tonnes | 13,475,000.00 |
grade | 5.00 |
grams | 67,375,000.00 |
tons | 67.38 |
grams/oz | 31.10 |
tot ounces | 2,166,161.90 |
so i will guess 2.16 million M&I with say 300 inferred low grade..
2.46 million total plus some silver credits..plus any new ounces in the surrounding ground
PLUS any new deposits found this season..
the initial resource is only the first snapshot of this major new discovery in one of the largest new districts in mexico..it will grow and any underground ounces will be captured in any update if we are not bought immediately after the release..
caliche