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Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Bullboard Posts
Comment by Margreton Apr 02, 2013 3:42pm
114 Views
Post# 21200488

RE: RE: RE: My nonsense?

RE: RE: RE: My nonsense?

You're the one with the reading comprehension problems. Did you flunk grade 2 english too?

Do i need to spell it out for you?

The g/t is the grade of the tonne of ore. You multiply that with the number of tonnes to get grams of gold. Then you convert the grams to troy oz.

Before you apply the percent recovery rate you get the higher number of oz:

53,901T x 5.23g/T x 1 troy oz/31.1g = 9064 troy oz

to apply the recovery rate you multiply by 84.6% (by 0.846) to give the lower troy oz they report 7,655 troy oz.

MTO is therefore reporting the lower oz after applying the 84.6% recovery rate.

If you apply the 84.6% again as in your post, you are applying it twice. DUH

 

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