Wallbridge Mining Company Ltd T.WM

Napkin Math Estimates on RE so far....

[jefedeoro]

I wanted to crunch some numbers for how our RE is shaping up and here is what I have come up with......

For the main Gabbro, using the diagrams, scale, and info from the press releases I have this..  300m length, 100 m wide, 200 m depth (it goes deeper but lets stay with the main rich area to be conservative) .  So, 300x100x200 is 6 Million cubic meters of rock.  avg 2.7 tonnes to the cubic meter, = 6M x 2.7 = 16.2 Million tonnes of rock.  now lets say on avg its only 1/3 as good as bulk sample, so, 5g/t on avg.  16.2 Million tonnes x 5 grams per tone = 81 Million grams.  30 grams in an oz roughly, so 81 Million grams divided by 30 = 2.7 Million ozs. 

And that's stopping at 200 m depth, and being conservative with only 5 gt. 

now as for Area 51, we have confirmed strike length of 1km x 1km, and quite riddled with high grade, low grade, and everything in between…. now for this example, I am going to include the lower Tabasco in with the total of Area 51 .

https://www.wallbridgemining.com/i/maps/20200106_Fig_5_10275_E_Cross_Section.pdf      

depth is debateable, as it is very rich to 500 m , but goes to 850 (but is narrower) so lets split the difference and just say only to 500 m.  1000x1000x500 = 500Million cubic meters, x 2.7 = 1 Billion 350 Million tonnes.  now the grade..... this is of course very subjective....so im gonna go SUPER low, (especially since I am including the ever growing and very rich lower Tabasco in this) and say only 1gt.  that would give us 1 Billion 350 Million grams , divided by 30 =  45 Million ozs .

Now, having said that, that does not include the expansion of Area 51 out to the 800 meter step out.  So being VERY conservative, lets say to the step out its only half as good.  45 million x .8 , so 36 Million more ozs (if same grade) but we are cutting that by half so, 18 Million more ozs out to the 800m step out.  so 45 M in area 51 as currently defined + 2.7 in main Gabbro, + 18 M in the extension of area 51, so far I am getting a total of 65.7 Million ozs. 

And that is being conservative with numbers and grades.  

Now I am sure there will be a lot of naysayers that this is way too high, that I made mistakes, and that's fine, no problem, please point them out, I very well may have made miscalculations in any number of places.
However, it becomes pretty clear why Sprott is saying "multiples of tens of millions of ozs" and that he "has never been more confident in that belief" 

However, for the eternal nay sayers and pessimists, lets say I over estimated my grade (cause you cannot argue length, width, and depth) and I'm WAY off (but I doubt it :) )....lets say by a whopping 50%.   OK fine, lets cut it in half.  32.5 million ozs. still TENS OF MILLIONS. !!!

- Jefe de Oro