Freegold Ventures Limited T.FVL

Newest from goldhunter on ceo regarding miningrocks math

[Signman]

Ohh I like this! 

@Ggoldhunter_ceo.ca @Miningrocks...@AU_AG_BUG brought up the July 2024 RE prediction (25.5Moz) versus your current 25.2Moz. I noticed that your have updated your model, hence there would be different results for previous one (That why I asked for the results with the addition 8 holes only). (a) While you review the results you might want to check out the difference between the Oct and July results to see if it would be "consistent" with the Oct minus the July, results. We are not looking for an exact match, just the general consistency. (b) I presume you don't apply the "extraction number, from metallurgical tests (from 0.72 to 0.97). FVL applied 0.72 (too conservative in my opinion). So, their RE prediction of 22.3Moz at 0.50gpt cutoff presented at Beaver Creek) is overly conservative if we now apply 0.97 across the board, then we would expect their RE to jump by 97/72= 1.34 (34%). 1.34 x 22.3= 30Moz (that's why ES expected 30Moz by year end...sorry Eric, but it's 30Moz right now); (c) previously FVL used 0.45gpt cutoff, but why changed it to 0.50gpt for their base case? A 0.45gpt cutoff would give something like 24Moz (interpolate between 0.4 and 0.5 cutoff results, see Beaver Creek presentation). If we used 0.45gpt cutoff FVL RE would be 32.16 (round off to 32Moz).

[Wtfover]

I wish KW wasn't so conservative with her numbers.  In my opinion she needs to shout out as many ounces as possible. Thats a great post by gold hunter. 

[GoneBroke]

I couldn't agree with you more  wtfover ! i 'd bet that she used the cut off grade for her updated MRE to come to a different value from miningrock's Napkin Math > as miningrocks napkin math MRE was done ahead of FVLl' s by a couple of months  imo 

[Signman]

I expect maybe she is using the old " under promise and over perform " strategy to create a bit of a wow factor for a future RE.