OTCQX:GTBAF - Post by User
Comment by
CdnBadgeron Jan 11, 2020 3:58pm
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Post# 30542712
RE:RE:RE:RE:OK, the real volume of the LP fault strike.
RE:RE:RE:RE:OK, the real volume of the LP fault strike. No one can accurately predict average grade at this point but we don't really need to. We know we have 1gpt all day long. The high grade intercepts pretty much guarantee we will be averaging above 1gpt. Conservative at 1gpt if the whole fault is in fact similar it puts us into massive territory. 500m down by 15000m long by 200m wide times 1gpt times 1.5 gravity(simplified) divided by 31.1 is over 70 million ounces. These numbers are pretty damn conservative considering Redlake tends to mine to at least 2.5km down and get better grades. I think most of us expect we have at least 20 million ounces in a worst case scenario and into the hundred plus million ounces in a best case scenario. I think that's what Coffee meant when he said the numbers could make them look stupid so they don't want entertain them. Correct me if I'm wrong on my math. Just let them drill the snot out of it, buy as much as you can and sit back and wait for the nice buy out.