RE:RE:RE:RE:Re Oh mywinr88 wrote:
I did aome more calculations regarding grades. On the presentation page on the AZS website there is an estimate of tonnage based on the size of the Red Hill. They estimate 40 MM to 100 MM tonnes of gold bearing ore. If one averages that out the result is 70 MM tonnes. Using the average tonnes of 70 MM tonnes x 1/2 g/t is 35,000,000 grams Au or for every 1/2 g/ divided by 31 g per oz gold is 1,129,032 oz Au. So far the average is 1.5 g/t so that's over 3 million oz Au. Add that to what's already estimated from other drilling results the total is well over 4 million oz Au. Have you any idea of value in terms of share price that would create.99942Apophis? Of course if the average bulk tonnage rises to 2 g/t then it's over 5 million oz Au.
You have pinpointed great estimates and I keep in mind this company has repeatedly stated low conservative figures which I believe is done so as to not disappoint their investors but at the same time to point out high possibilities!
My guesstimate of over 2 gpt on this core sample that was recently sent to the lab is only for that hole, once we get the official counts speculation will be on the next using
that lab result as my guide, too much fun eh! Previous rising gpt percentage "might" give us a reasonable prediction of drill holes going forward. If there is a boiling zone I don't think any guess would be too high.