Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Interesting Volume!!!

Not sure I'm saying that Sculpin (0.32g/T), I use that 68% scaling factor only because of the Gluckstein & Silverspoon coverage over a year ago when they reported the scaling factor of 32%. I think they actually meant 68% (multiply it by 0.32) because they had an Estimated Ore Tonnage of 13,500 T (C1 Vein) & the NI 43-101 Inferred Ore Tonnage was 4290 T, so that's 68% less, even though they called it a 32% scaling factor. That was the number they used for the rest of their calculations.

So, that's why I said that, 68% scaling factor. I'm very confident as well, the way the anomallies showed up on the 3D Imaging, we could be looking @ more than 1g/T, but I don't want to go there, cause I don't know. And the $150 per OZ seems as conservative as you can make it, based on the recent takeouts, the present & future gold prices & fundamentals.

I think Rinky summed it up pretty good tonight, and that's really why this Hub (IMO) is so good, and so helpfull, and has so many people reading & following it. If we all had the same opinion, I guess it would all be quite boring!

It would be very easy to add a factor of 2 on the grams, the gold price, and reduce the scaling factor, which in the end would add up to a factor of approx 6, but once again, I don't want to go there, but at the same time, I don't want people dividing the predictions by 6 and thinking $20 per share (approx) is a reasonable or acceptable offer if it were to come our way! Just my opinion!

Share
New Message
Please login to post a reply