RE:RE:Re New hot spotBoscoe2015 wrote: With all do respect Torridog ... I don't understand the extrapolation the nexgen guys are using. The NXE board is like a row of kids who are told to whisper the story to the next child ... the first child being told 50-60 million pounds and by the time it reaches the last child it's 400 plus million best on the planet. As for FCU were in the bowels of poor markets right now. Jmo.
What's the matter Boscoe/Seamus? Did you fail high school math?
Let's have some fun with numbers and do a rough calculation of resources.
In the interest of rendering conservative figures, I’ll limit the scope of our calculation to just half of the total 300m strike at 150m. This should capture tonnage for the volume of rock delineated by the green box in the graphic below. For grade, I will use a blended average of 2% U308, though as you can from the intercepts this is very much on the low end.
For true thickness, I am going to use the 40m true thickness of hole 44b. As you can see from the graphic below, true thickness for the A2 shear is actually widening and my belief is that it ultimately comes together with shear A3 at depth. Hole 49c2 which was drilled up dip 40 meters also showed true thickness of 40m.
So assuming just 150m strike, 340m vertical extent and 40m true width and a blended average grade of 2%, we get the following calculation:
150m * 340m * 40m * 2.6 sg * 2% U308 * 2204 lbs/tonne =
233mm lbs U308 Again, this calculation captures HALF of the high grade core in ONLY the A2 shear zone…forget the A1 or A3 shears. The entire mineralized area is MUCH larger with a 645m strike, 820m depth and 215 meter width.
So instead of throwing out allegations... why not show us YOUR numbers?