OTCQX:GTBAF - Post by User
Comment by
captainpoobyon Nov 24, 2019 7:02am
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Post# 30386631
RE:RE:RE:A 4-beer resource estimate on LP Fault
RE:RE:RE:A 4-beer resource estimate on LP FaultAnother way to run numbers in your head is, using $100/oz, every 10M oz is a billion dollars and every billion dollars is $20 per share, roughly.
now remember, CT keeps calling this a “district” size deposit. “District size.” Not “mine” sized but “district” sized. He also, in one presentation, poo pooed a number of 3.5 million ounces. So, reading between the lines, I believe we have to start thinking in “district” size numbers, like tens of millions of ounces.
Near as I can figure, the Red Lake “district” has or will produce somewhere north 20 million ounces.
How many tens of millions of ounces is there in the Great Bear district? 10? 20?
Id be willing to bet a silver dollar that the maiden resource comes up at 10M oz or higher. Any takers?