GREY:RNKLF - Post by User
Post by
goldhunter11on Oct 24, 2018 10:20am
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Post# 28863233
Golden Rose Slab - 2100 oz Au?
Golden Rose Slab - 2100 oz Au?While waiting for an independent Lab to provide an estimate for the Au content, as indicated by the NR, link below
https://www.rncminerals.com/news-releases?item=212
as a first stab, just by comparing the size of the slab and the boot size on the right side of Figure 1, with the following assumptions
- only the quartz portion is used (1/2 of the entire slab, assuming no gold in the gray sedimentary rock, may be there is some, Kevin should know)
- ignoring the premium for the rose (yup, it looks like a golden rose in that hole. There is a high rez picture in the NR for downloading and zooming it for very nice details of the "rose".
- 50% gold content in the quartz
Size: 18in x 12 in (= booth length) x 2 in thick.
Or, 45cm x 30cm x 5cm = 50%Au x 6750cm3 (x 19.3/31 = 2100ozAu. (x $1700) = Cad$ 3.5M (no premium for rose).
Please check my math to see if there is any fatal (like a factor of 10) error.
Keep in mind that it's only an estimate. Use your own assumptions in your DD.
Note: other features such as the size of the 151 scooptram bucket or the wooden slabs in the pallet could be used as a scale instead of the booth (did not ask the guy for his booth size).
GH11
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