OTCQX:GTBAF - Post by User
Comment by
Goaweighon Nov 08, 2019 1:09pm
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Post# 30328343
RE:After looking at the two blobs on the presentation I was
RE:After looking at the two blobs on the presentation I was I enjoyed the part of Chris's presentation where he lays our Blobs over known ore bodies like Malartic and Hemlo and ours is still only scratching the surface.
Even my calculations are choked back from what we can see in our own presentation, the grade being the only unknown.
Without actually saying it he made the case that this one area could contain 20 Million + Oz.
and from what he was showing us it's possible we could be half way there already.
Could be an easy ten bagger and yet the stock is under pressure.
When people need money they need money and have to sell even their best assets to get it.
Too bad for them but that's what makes a market I guess. Goaweigh wrote: wondering how many Oz. those two blobs might contain and so here's my thinking on that.
North Blob: I'm giving dimensions of 750 meters strike x 200 meters thick x 200 meters deep and using gravity of 2.5 @ 1 gram.
Multiply that all up and you get 2,500,000 Oz. in the North Blob
South Blob: I'm giving dimensions of 1500 meters strike x 200 meters thick x 200 meters deep and using gravity of 2.5 @ 1 gram.
Multiply that all up and you get 5,000,000 Oz. in the South Blob.
So there we have 7,500,000 Oz.
It's impossible to accurately calculate the dimensions of those two blobs but I think mine are on the low side and we don't have any idea about average grades, they could be 2 grams or even 3 grams when you factor in the higher grades and then we haven't done any drilling to connect the 2 blobs yet so that's a factor too.
Any way you care to calculate it, looks like there could be plenty of gold in just those two blobs !