GREY:RNKLF - Post by User
Post by
zaphod77on Sep 26, 2018 11:17am
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Post# 28693024
Kaiser napkin math
Kaiser napkin mathSo Kaiser said something about 500k to 1000k tonnes of ore along the shear zones.
I believe the first cut was 144 tonnes, producing 24k oz gold = 167 oz/t
let's say the average grade is just 1% of that - 1.7 oz/t
at of Kaiser's lower range of ore: 500,000 * 1.67 = 835000 oz
835000 * 1500 (cad) / oz = 1.25 billion worth of gold
That's at 1% and at the lower range!