Post by
steamedmuscle on May 10, 2021 8:56pm
BAGHOLDERS!!!
as an example, equinox gold often uses 0.5g/t cutoff grade....their gold price assumption is 1200 or 1350 depending on a mine....recovery rate is at 90-95%.... the formula is: gold price= (blah blah blah)/(cut off x recovery x blah blah bla) here is the funny part...segovia recovery rate is already at 85%....reducing the cut off as part of denominator from 2.9g/t to 0.5g/t will drive the gold price to 1600 x 2.9/0.5=9280 dolla while recovery rate would improve by only 10%.....9280x0.85/0.95=$8300 for reserves to rise to 750k oz...hahahahaha u bagholders are so fackin dumb
Comment by
steamedmuscle on May 10, 2021 8:58pm
its not exactly linear like that, but u get the idea...lmao
Comment by
steamedmuscle on May 10, 2021 9:08pm
recovery rate at 85% at price of gold of 1600....which brings u to a 3 year mine life....after 30000 meter of drilling....what u gonna do, bagholdets? raise the cutoff and drop recovery rate and reserves to 2 year mine life? drop the cutoff, and extend the mine life by a month? hahaha bagholders, injoi mining the feces
Comment by
valueu1 on May 11, 2021 11:58am
Geology/ Au will remain and bashers are away today. Results next.