Re: Important update ...meaning of? spiny
in response to
by
posted on
Mar 18, 2013 09:52AM
(Edit this Message from the "Fast Facts" Section)
No, all the gold and silver that was there is still there. Here are the calculations for the value of the 30k tons that still contain around 4 g/t, not 16 g/t:
30,000 tons x 4 g/t = 120,000 g. At 31 g/oz, that's 3871 oz. At $1600/oz, that's $6.2M, which is about the number floating around.
And once again- It is NOT concentrate. It is partially depleted ore that has had ~20% of the gold removed. Start with ~5 g/t, remove ~20% (1 g/t), and you're left with ore that is now ~4 g/t.