RE:RE:LGC Stock Vacillating Back & Forth.. Volitile near termI repost a portion of my previous post.... I said the soil anomaly is 3500 m x 1500 m
Then I went through a calculation based on 1/3 of the area of the anomaly and used what looks like the vertical thickness of the gold bearing rock and then multiplied by the Specific Gravity of the host rock (SG = 2.66) to come up with 467 million tons of rock. I then mutiplied by the average grade so far and then coverted from grms to ounces. If one thinks the volume of rock is to agressive then take a 1/10th of the soil anomally... Then you get 140 million tons and 4.95 million ounces.
So you need to ask yourself... where did the soil anomally come from? Its unlikely to be a historical river flow and more likely to be a weathering of rock by hydrothermal fluids which eventually migrate to the Soil B level. But there appears to be a "cap rock" that appears to not cary gold.
I repost a portion of my previous post....
Soil anomaly = 3500 m x 1500 m.... soil anomally x 1/3 of size x 100 m thick x 1.1 gm/t x 2.67 SG / 31.1 gm/oz = 467 million tons of rock at 1.1 g/ton = 16.5 million ounces if 100 meters thick (assumes consistently grading). no increase or decrease the thickness of the projected deposit by 50%... gives you a deposit of 8-24 million ounces. If the deposit is less than 500-600 meters deep it will likely be economic. Note that open pit mines have low incremental costs per ton until you pass about 425 million tonnes. Ic cost $3-$10 to mill a tonne of rock and $2-$8 to haul it. The cost of a open pit mine is about US $300-400 million (Bele Sun) in Brazil.