KT..Channel Krieging Estimates and Mining PotentialKeats Trench channel results and imminient.
They should provide a basic estimate of mining grade while dril results define depth.
KT is elongated in surficial measurements.....200 m in L and 70 m in width.
I chose an elongated cone as the mining pit , using a composite surface raduis of 135 m ( 200 m + 70 m / 2 = 135 m divided by 2 = 67 m radius
I used 35 m as the Base radius
I used 100 m as depth
Volume of Truncated cone V = (1/3) * π * h * (r² + r * R + R²) SG, where R = Radius of Top of cone , r = base radius , h = height SG= 2.8
Estimated contained ore is 2.35 m tons
I used the average Keats grade of 15 grams per ton which estimates that the elongated pit cone contains 1.2 m ounces above 100 m.
Divide by 4 to be conservative which is about 300,000 ounces with a gross revenue value of $ 1.0 billion CAD
Assume 50 % net margin and thats about $500 million CAD in free cash to begin mine substantial contruction and elevate the share price by 3-4 mutiples
Whats there not to like..
AIMHO
GLTA