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Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM


Primary Symbol: PGMFF

Barclays PLC is a diversified bank with five divisions comprising Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank. The Barclays UK division represents businesses that sit within the United Kingdom ring-fenced bank, Barclays Bank UK PLC and its subsidiaries, and comprises Personal Banking, Business Banking and Barclaycard Consumer UK. The Barclays UK Corporate Bank division offers lending, trade and working capital, liquidity, payments, and FX solutions for corporate clients. Barclays Private Bank and Wealth Management division comprises the Private Bank, Wealth Management, and Investments businesses. Barclays Investment Bank division incorporates the Global Markets, Investment Banking, and International Corporate Banking businesses. Barclays US Consumer Bank division represents the United States credit card business, focused in the partnership market, as well as an online deposit franchise.


OTCPK:PGMFF - Post by User

Post by Wangotango67on Feb 07, 2023 2:49pm
328 Views
Post# 35272538

3 BLOCK MODEL DIAGRAMS... EACH INDIFFERENT

3 BLOCK MODEL DIAGRAMS... EACH INDIFFERENT 2   FROM - SKR
https://uploads-ssl.webflow.com/60a2637088b4224ed861b493/63d150fd7600f90ea93c5eed_Screenshot%202023-01-25%20at%2015.55.33.png

https://www.facebook.com/puregoldmining/

Both of SKR's block model colorations are indifferent for the high grades .
Green and Yellows on one block model = 2 - 5 grams
While the other shows green and yellow with the far higher grades upto 10 g
  
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1  FROM - JDS

https://uploads-ssl.webflow.com/60a2637088b4224ed861b493/63d1531557e5e338f5b85980_Screenshot%202023-01-25%20at%2016.04.28.png

While JDS 's block model uses the green and yellow for the lowest grades .

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Open up each block model in 3 windows to verify.

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Now, what's the main takeaway ?
Each have defined the main zone where the gold is.
If one uses JDS's block model ( non bias ) just better contrtast in which to discriminate.
Both contract engineers have defined the main gold zones - yet, grade colorations are indifferent.


What do i see ?
If block models are based on 5m meter parameters -
Then,  this mine should be modelled via - long hole.

Not making umtum million of tunnels to reach the main zone from right angles, but rather,
blasting the entire hole 25m squared 
using several main access point to muck the ores out. 

It would ....
create an overall averaging of, grams. 

It would...
reduce numerous right angle tunnels and save much needed tine blasting zones with no gold

it would...
allow far more ore tonnage to be processed

it would...
allow speed mining in bulk format

it would...
centralize the mining efforts in one large main zone going downward - grabbing all
with less wfforts spent on travel, removel, caging

it would...
be far easier to drill several 5m holes going downward across the 25m square area.
JDS  amp show the trajectory of main gold concentrations - downward slight pitch
 

25m x 25m x 3m depth x ( 3 ore weight ) x 1.5 gram averaging ( .05 gram to 10 gram ) 
= 8437 grams ~ 31.1
= 271  oz  / day ( potential ) if grades allow quality averaging 
x 90 days  ( 1 quarter )
24,390 oz
x $2,400 spot gold
$58,536,000 cdn ( each quater )

Some would say... it can't be done for fear of, cave ins...
Yet... if blasted properly, the exterior walls going doward and if trajectroy is not too steep,
and if caging applied... it could work. work very well.

Pulling bulk, and using grade averaging, speeds mining process up...
Instead of working 8 zones which places all the more effort and more man power trying to manage 8 zones - things just became all the more complex... while one zone, gabbing all, alloows for less management less labor, less effort.

Now...  i did think of using wet jet laser...
well above 60,000 psi to mow through the outer perimeter ( fringe of 25m cicle ) or block
which would allow a clean cut away from hang walls -
what would this do ?
it would allow the integrity of the host rock / hangwall to remian unscathed which inturn 
reduces the odds of cave in of walls.

Water jet lasers cut ultra fast.
And by blasting - only th einterior of the 25m - it prevents injury to the host rock hang/foot walls



https://www.researchgate.net/profile/Hassan-Harraz-2/publication/301833045/figure/fig4/AS:667671477628929@1536196693119/Long-hole-stoping-and-removing-ore-after-blasting.jpg


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Again... i'm new to this stock,
Need a few weeks to wrap my head around the project.
Not investment advice, but rather.... advice for the junior.
Maybe a few of my ideas might help them out.

One can walk the path of,  give up, BR.
Or.... buckle down and figure this out to make it a success.
There are quitters in ths owlrd and then there are... mover and shakers.

Interesting to see a large amount of shares on the ask...
Is there... someone is interested - holding it down collecting - someone trying to average down ?

2 million oz in the ground.
spruced up mine all shint new looking.
coloaration of gram assignment is indeed interesting
perhaps over staffed
perhaps scrambling using many zones to maintain quarterly forecasts
perhaps wrong mine modelling

but... is there another in the wings... looking at this project with a new set of eyes saying...
i would've done it all different - and the outcome would succeed.
Time will tell.

There are many critics out there...
And most all will point out the flaws, but very few provide solutions.
Solutions fix things. 
Otherwise it's just - noise. 


Cheers.....

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