What a great day. I suspect that we will be treated to a few more along the way.
Although we closed at an intraday and all-time high, there might be short-term potential for more. Here's why:
Keep in mind that there are certainly some variables including dollars per tonne ($1,000.00 per tonne might prove to be on the low side), rock density (4 has been the number bantered about by more knowledgable than I) and current dimensions (In MiningJukie's post on October 12, he used the denoted dimensions below)
Anyway, here it goes:
| STRIKE LENGTH (?) |
|
205 |
MTRS |
|
|
|
|
|
|
|
| WIDTH |
|
|
50 |
MTRS |
|
|
|
|
|
|
|
| DEPTH (?) |
|
|
195 |
MTRS |
|
|
|
|
|
|
|
| CUBIC METERS |
|
1,998,750 |
|
|
|
|
|
|
|
|
| ROCK DENSITY |
|
4 |
TNNS/CU MTR |
|
|
|
|
|
|
| TONNES OF ORE |
|
7,995,000 |
|
|
|
|
|
|
|
|
| VALUE PER TONNE |
|
$ 1,000.00 |
|
|
|
|
|
|
|
|
| IN-SITU VALUE |
|
$ 7,995,000,000.00 |
|
|
|
|
|
|
|
|
| NPV RECOGNIZED |
|
10.00% |
|
|
|
|
|
|
|
|
| SHARES OUTSTANDING |
123,000,000 |
(F/D) |
|
|
|
|
|
|
|
| NPV SHARE PRICE |
|
$ 6.50 |
|
|
To coin a couple of phrases from MJ, "before you pop the cork" (although I suspect a few have already) keep in mind that the dimensions were derived from hole 12 results to date. Can it "already be baked in the cake?"
I would like to think that the intercept for hole 12 continued beyond what we saw in the last N/R. Time will tell.
It is wonderful to be a member of the Brotherhood.
GLTA guys and gals.
Milsy1
