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: Re: some more calculations to keep refreshing our potential...
1
Aug 21, 2011 05:37PM
1
Aug 21, 2011 05:41PM
2
Aug 21, 2011 05:47PM
4
Aug 21, 2011 06:46PM

I use the same as Bow. I use the same tonne/m3, the same scaling factor, 31.1 grams per troy oz and 121 million share. The exceptions are;

How I calculate my volume - Instead of a cuboid (height x length x width) I use a calculation that would resemble an egg shape. This calculation gives me roughly 56% of the volume that the cuboid calculation totals.

Grams per tonne - I play with this variable a lot. I currently have it set at 2 g/t or double what Bow has been using in his conservative estimate.

Price per oz of gold in the ground - This is another number that I play with a little. Some have stated 15-25% of the POG. An interview on BNN had an expert state numbers in the neighborhood of $7-800. I believe Bow has used $150 in his conservative estimates. I currently have my sheet set up at $320.

Vimar

Share
New Message
Please login to post a reply