RE:RE:RE:Novo share priceallenbow wrote: Well I am not a statistics person not an economic geologist, but something doesn't sit quite right with this type of extrapolation.
1 sq. km = $80 million
10 sq. km = $800 million
100 sq. km = $8 billion
Theoretically you could do the same with the worlds’ oceans in which there is an estimated 20 million pounds of suspended gold. Trouble is, it is just not economically nor physically viable to get it.
Of these two aspects BM doesn’t go there:
That is “What does it cost to bulldoze just a square kilometer? Pay the operators, and pay for the bulldozers and trucks; load the gravel of whinch there are tons and tons and tons, truck it all; put it though a milling plant plant to extract your point 7 grams per tonne? Can it indeed be a large scale operation beyond a Mom and Pop type operation, a Aussie Gold Hunters Season Whatever or Diggers of The Outback?
My problem here is that QH is either assuming something or knows something and if the latter, he has to inform sharehoders as material information. Otherwise, that it is economically viable and a 'game changer' as QH puts it, is just a SWAG, a scientific wild a*s guess.
Somone please enlighten me that this is 'different this time'?
I am leery and a little tired of QH's overpromises and under deliveries.
According to my math skills if:
1 sq. km = $80m
then
10 sq. km = $8000m = $8b
Provided the thickness and the amount of gold per tonne are the same.
Maybe that is why QH is excited about it.... Having 100 sq. km would give $800b!
Something to get excited about I believe!?