OTCQX:GTBAF - Post by User
Comment by
captainpoobyon Nov 27, 2019 12:11pm
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Post# 30398388
RE:Some are speculating on how large our maiden RE might be
RE:Some are speculating on how large our maiden RE might beInteresting point I noticed the other day while doing research, is that the Red Lake mine uses 2.98 for SG. I have been using 2.5 in all my "back of the napkin" calculations.
And, in all honesty, 1G/ton is an absolute, rock bottom number. I'd suspect it's at least a little bit higher than that.
Using 2.98 SG would add about 20% to all your numbers and using 2 G/ton would double that.
The fact is, even using rock bottom, lowball numbers, it isn't hard to see this play hitting 10-20 M oz.