1) First of all, you missed the point/points I was trying to make. The main point was that 0.15 g/t gold was the lowest I have ever seen used in a resource estimate. I know little of the company mentioned in the NR, but I am amazed as to why they would start spending money to calculate that low of a cut off in their estimate, UNLESS they were pretty sure the POG was going a lot higher. Still, thats hauling $6.50 of gold out of one ton of earth that will cost probably $12 to process. There are NO economics in that process. It is highly uneconomical at todays prices, BUT my point in regards to this in comparison to the Tesoro is; how many more ounces of gold could be added in our numbers, a lot!
In our situation, initial mine set up , feasability studies and scoping studies are left for whoever is gonna mine the Tesoro. The buyer will do those quick estimates and would/may be considered in their bid. But most likely not, the industry standard of a buyout paying amount per ounce in the ground, will apply with us.
2) Start at the top of the anomaly at ~200m? Try starting at ~100m. All this dirt from the surface to the top of the anomaly will most likely be very valuable; take a look! Notice how the surface sampling to date is scattered over the property, notice the high surface grades? EVERYWHERE we have surface sampled on the Tesoro we have gold!I can point out in image after image of the 2D slides places that contain high grade surface gold that hasn,t been sampled yet.
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B-hwvUB-zjR1YzJkMzE0MTgtMmFhZS00MTc2LWFkZjItYWRmN2Y5MjM0YzQ4&hl=en&authkey=CLjEufYM
Another way to look at the top 100m is just do a simple math thing. Take a 16oz nugget,(like the ones pulled from the A-4) a ton of dirt is around 1m cubed, and there are approx 496 grams in 16 ozs.If you had an average grade of 1g/t, that would spread you a distance of 496mx 1m x 1m. But when you are covering that great of distances, your chances of hitting more gold before you get to the end of the 496m, is EXCELLENT. So this other gold you hit on the way has to be counted in, hence upping your average grade!
The point being, there could very well be 100 million ounces of gold contained in the first 150m. The company is very profitably getting paid for removing the dirt to get at the anomaly.You see, we dont even really need the anomalies to be a very rich deposit.
Who says an open pit has to have an exact circle for a shape. C,mon, are there not other open pit mines in shapes of rectangles? The Tesoro is roughly 3km by 7km, you could almost fit 2 of those Chilean open pit mines I spoke of in an earlier post.
You call me retarded in my pumping? Do some math of your own ,use some common sense, think outside of the box,do some history DD, THEN come back and show me where the Tesoro has anything less than 100 million ounces of gold!
