Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Garibaldi Resources Corp V.GGI

Alternate Symbol(s):  GGIFF

Garibaldi Resources Corp. is a Canada-based junior exploration company. The Company is focused on creating shareholder value through discovery and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico. Its E&L Nickel Mountain nickel-copper-rich massive sulfide discovery, approximately 18 (km) southwest of the famous Eskay Creek mine, contains some of the highest nickel grades recorded in magmatic sulfide ore deposits on a global basis. The Company's projects in Canada include Otter Creek, Palm Springs Property (PSP), Red Lion, and King. The Otter Creek lode gold prospect consists of 8,704 total hectares and is located 12 kms east of Atlin in northwest British Columbia. Its projects in Mexico include La Patilla, Rodadero, Tonichi, and Iris. The Company owns a 100% interest in the La Patilla property located in Sinaloa State, Mexico. The Company owns a 100% interest in the Iris property located in Chihuahua State, Mexico.


TSXV:GGI - Post by User

Bullboard Posts
Post by tomgraniteon Dec 09, 2017 6:52am
197 Views
Post# 27122876

Tonnage?

Tonnage?Being as though numbers are being thrown around, I thought I'd try and estimate some tonnage. Obviously have to make some assumptions but based on results and the diagram, here we go. 

Assume shape is a circular lens with a 50m radius and an average thickness of 10m. Specific gravity of 2.7. So calculation is 3.142 X 50 X 50 X 10 gives 78,571 cubic meters. Tonnage is therefore 2.7 X 78,571 = 212,142 tonnes.

Moving on, let's assume that the deposit is 14% CuEq and the price of Cu is $6,500 a tonne. This gives a value in the ground of 212,142 X 0.14 X 6,500 = $193 million.

This is just for the MS that has been identified by holes 4, 9 and 14.
Bullboard Posts