Re: This is NOT what we want. UTS - unsolicited offer at 51% premium - Khareema
posted on
Jan 28, 2009 06:42PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
You are a true mathematical speculator, Milsy.
Consider my logic as I arrived at my figure;
I used 14 km. and also used JDF statement that it would not be continuous. I used a figure (math again) of 30% of that length=4200m.
I also used Don Hoy's suggestion of 40m, deducted a little and came up with an average of 35 m.
He also suggested they were drilling off to 200 m, so I used a 50% figure, and came up with average depth of 100m.
If you take 10% off for errors, where do you come out at? As I said, the math never lies.
Regards
K