RE:RE:RE:RE:43-101 ?fordster wrote: Goldanalyst.....I study what you say and it simply (mostly) contradicts the info we all have. Our grades are approximately the same as Seabridge. The area is massive and open in all directions.
From what I've seen the grades at Goldstorm are higher than Seabridge deposits, specifically Iron Cap and Snowfield. Both of those show grades (right on the Seabridge website) of between .45 and .5g/t Au. I show Goldstorm at least 10% higher.
The reason Iron Cap has a resource of 33 million oz. Au and Snowfield has a resource of 34.946 million oz. Au is because of deposit size. Iron Cap shows as 2.322 billion tons and Snowfield shows as 2.203 billion tons.
Goldstorm may not yet have the total size of either Iron Cap or Snowfield, but the full size of Goldstorm is not known. If Goldstorm ever reaches 2.2 billion tons I expect the total gold would be at least 10% greater than either Iron Cap or Snowfield.
In the meantime, the key for me will be the size of the initial estimate for Goldstorm in terms of tons of material. My data shows about 1.3 billion, but the smaller tonnage will be offset to some degree by the higher gold grades.
That said, I'm much more interested in how much of the gold is in the top 300 meters from surface. The number of ounces showing in the open pit model, in my view, will determine how undervalued all of the Three Amigo stocks are. Compared to the open pit I almost don't care how large the overall deposit might be. The value of the open pit gold should be so much greater than underground mine gold that it could be the primary factor in determining stock prices after the announcement.