Douglas Lake Minerals Inc DLKM

How I get 0.02

[Public_Heel]

 70.5 grams per ton of concentrate

  5.1 kg of concentrate

  Thus, the amount they actually had in their sample was 70.5 * (5.1 * 2.2) / 2000, or 0.396 grams

  The 5.1 kg of concentrate came from 19.2 tonnes of original sample.

  The NR was quite clear that the 5.1 kg was the TOTAL result from ALL of the 19.2 tonnes.

  If you get 0.396 grams from 19.2 tonnes, that's 0.396 / 19.2, or  0.0206 grams/tonne

 

  Sorry, I don't see what's "screwed up" about these numbers. Someone please fill me in.

   If they'd reported .35 grams/tonne, in an alluvial deposit, the stock would be over $2.00 right now, and I'd be leading the buying.

[tobinator01]

The NR said:"The 127 samples were collected from areas of known mineralization by Douglas Lake's field crews. Each sample consisted of 150 kg of mineralized host sediments which varied from sands to conglomerates and gravels. These samples produced a total concentrate weight (dry) of 5.1 kg through processing in the field."On the face of it, 5.1 kg concentrate came from 19,000 kg of

[stockarchangel]

It takes an honest man to admit a mistake, and so, yes, I f-ed up. Never do calculations from memory when you're running out the door LOL.You're absolutely correct in your math, and I'm absolutely correct when I say these assays are meaningless as presented.That said, I'd like to see more posts from RicherNow.  He's right on the money as far as making a

[Public_Heel]

  "  Calculating the 70.5 gram/ton concentrate and applying it to 6,000 kg concentrate results in a 22 grams/ton ore resource.  "   Actually, it would slightly more than triple the result that several of us have gotten (0.0206 grams/tonne), resulting   in about 0.06 grams/tonne., and that's assuming that the purported 6,000 kg had the same

[Urban_Renegade]

Heel, with all due respect, it would seem to me that your posts are not intended to benefit the free flow of information and knowledge we have going on this board. You seem to continually and delibrately throw out numbers that are aimed to confuse and bash the property. If you truley believe your numbers to be accurate and as such that the property is a dud, why not dump your shares and

[tobinator01]

My calculation is:70.5 grams per 1000 kg of concentrate (tonne)6000 kg of concentrate contains 70.5 * 6 = 423 grams gold.The original resource was 19,200 kg or 19.2 tonnes.423 grams/19.2 tonnes = 22 grams per ton ore resource.

[Public_Heel]

  70.5 grams per 1000 kg of concentrate (tonne)6000 kg of concentrate contains 70.5 * 6 = 423 grams gold.**** But there wasn't 6000 kg of concentrate. There was 5.1 kg of concentrate.       The NR could not have been clearer.       "The 127 samples were collected from areas of known mineralization by Douglas Lake

[Des1302]

Well I would just want to say to public heel.. if  it was .066 grams/tonne like you suggested why would they even bother with this.  He clearly said .2 is economic. I highly doubt that the Chinese would continue funding a project that resulted .066. Not to mention that the Chinese privately taken assay results as well to be able to go out and get more funding (Harp, spoke about

[tobinator01]

The CEO told two different individuals, at two different times that the 19,200 kg reduced to approximately 6,000 kg of concentrate.  They sent 5.1 kg of the 6,000 kg to the lab for analysis.  That's where we are at: the black & white interpretation of the NR versus what the CEO has told investors.  The literal interpretation means Mkuvia is simply not economic, a complete

[dcrain]

Toby, I won't claim to have your level of experience in the market or expertise in the gold sector. One thing I have learned the hard way, is if what a company puts in writing conflicts with what the company officials say, go with the information in writing. Harp can be held legally accountable for the information in writing, but not for the verbal communications. A decade ago, I

[tobinator01]

dcrain, you have sage advice and I will certainly keep my eyes wide open on the situation at hand here.  Hopefully we will have a full public disclosure via NR or conference call either this or next week.  Beyond that if we are still in the dark, then perhaps its time to move on.