Providence Gold Mines Inc V.PHD

Is my math correct !

[Darkangel]

25000 sq yards =6750 tons@ .3oz gold ?=2025 oz 1000=2,002,500 is that a fair value / estimate! Please let me know how much per ton is conservative.

[2020oilgamble]

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[givemeabreak1]

Dark 25,000 cu yards  =  32,148 Metric Tons assuming density the same as dry gravel.  Needless to say this will very based on density of actual material.   

[givemeabreak1]

Needless to say the calculation will likely be higher as the density should be higher than the dry gravel figure I used.  I am surprised they did not give an estimated density of the material but not surprises me anymore!

[2020oilgamble]

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[ctoivo]

one cubic yard of gravel is equal to 1.13 tons. We need enough money for a decent drill program to see whats below and around the Consuelo, Mexican, McCarthy, and Bonita mine areas, which, hopefully these mill piles will provide.  Anyone who bought in just for the mill piles is surely missing the forest for the trees. Is that troll boy Kozmoe/darkangel still around?  I

[KozmoT]

Don't know about your math but there is nowhere near 0.3 oz/t Au in that pile, in fact the numbers came out around 1 gm/t avg which works out to ... 0.03 oz Au

[Lineminer]

Tonnes/Tons, Cubic meters/Cubic yards, Oz/ton vs Grams/ton - what confusion ?? Yeah Dark angel - I really think you are in the the ballpark on overall ounces - and my personal opinion - I believe $1000 per ounce net profit is realistic - so I'm personally thinking that your estimate is totally realistic at +/- 10% around $2 million ! ----- the latest post said a "few" tons