OTCQX:GTBAF - Post by User
Comment by
flashcashon Nov 23, 2019 11:55pm
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Post# 30386434
RE:A 4-beer resource estimate on LP Fault
RE:A 4-beer resource estimate on LP FaultIf you take your 54g-m or say 10m width at 5.4g/t I get,
10m x 3000m x 135m x 2.5 t/m3 = 10125000 t
(10125000 t x 5.4g/t) / 31 = 1763709 oz
(1763709 x 1450) 50 000 000 shares = US$ 51 per share. This is just for the 3km of the LP fault and 135m depth. This deposit much larger than this by many times, it's my belief it's a district scale deposit.
GLA