West Red Lake Gold Mines Inc Com C.RLG

RATIOS - Mg vs Au

[Wangotango67]

Firstly, a correction from  last post -  Magnesium spot peice should read,
$48,500 CNY

Translated - 
A 6% magnesium grade = 132 lbs 
Magnesium is running about -  $48,500 / CNY
= $7,630/ tonne usd
= $3.47/lb usd
= $4.16/lb cdn

RATIOS - value of each mineral based on using 33 tonnes of ore processed
               - 33 tonnes similar to First Mining's Springpole project. Chasing 1 /g gold.
               - RLG  chasing 1.5m and under gold grams - aside of their 7.57/g tonne resource
               - First Mining's Springpole project has to drain an entre lake - oh boy...!
               - RLG's project doesn;'t have the issues of First Mining's Springpole.


WHAT WOULD THE VALUE OF WEACH MINERAL BE - 33 TONNES - ROWAN  ?

Mg - 6% = 132/lbs per tonne x $4.16 cdn = $549.12 x 33 tonnes = $18,120.96 cdn
Mn - 0.6 % = 13.2 lbs x $1.32 cdn = $17.42 x 33 tonnes = $576.86  cdn

Au 1 g tonne ( under 1.5m ) intercepts 1/g x 33 = 33/g - recov = 31.1 g = 1/oz = 2,200 cdn
Au 7.57 g tonne x 33 = 249.81 grams ~ 31.1 = 8 ounces x $2200 = $17,600


Some may say, the 7.57/g grade of gold is in entirely different ores - veins, where there is no
magnesium - and my reply ? How much ore is outside the veining and what have the ratios numbers proved above ?

Yup... the magnesium could very well be more valuable than the 7.57/g grade gold. 
If - the ores outside the veining are consistent with a 6% averaging grade of magnesium.

Now...if one factors all the ore tonnes of the deposit - the ores ourside the veining far out weigh the veined ores - and if by chance the magnesium is throughout the entire ore body 
consistently outside the veining - it would - could - mean the magnesium is of same or near value as the high grade gold - based on an averaging of 6% Mg.

My own carved blocks for open pitting - pegged the ore body @ 58,000,000 tonnes.
That was using a model of 2 pits....

200m W x 200m D x 400m L
and small pit of,
200m W x 100m D x 200m L

Now... would i ever love t osee a remodel of Rowan.
Factoring in all the Mg + Mn.
And... knowing fully what the average grades of these two minerals are throughout the
entire deposit - they could be lessor % if all holes are factored.
All the datsa would need to be punched into a deposit model program.


Tthis post is not investment advice.
Rather, advice for the junior  - hoping to convince junior they might have a few good secondary minerals in which to frame an open pit mine model. Again, all the drill hole data would have to be reconfigured for open pit -  taking into consideration Mg + Mn.

But... by the lkooks of the grades of the Mg - in all the Actlab assays results...
Rowan Mine has a strong Mg mineral component.
Junior should use this as a - vantage.


Cheers....

Excuse this extra post....
I had to make a few corrections and do the rario comparison.


Happy New Year....