No such message found

Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

Free
Message: Re: tonnage
1
Mar 01, 2010 11:48AM

Re: tonnage

in response to by
posted on Mar 01, 2010 03:10PM

"How many ounces of Au are we estimating?"

This I posted a while back and was "ostricized", and for good reason, for (for being too optimistic). Notice the tonnage estimator I used... then I went from 5 grams to 4 grams, so if you go from 5 grams to 3 grams and multiply 1,754,545 by 3/5, you get.........

1,052,727 ounces of gold... THAT'S OVER 1 MILLION OUNCES!!! Very good news, I'd say... I may just be selling the rest of some of my other investments in the next day or two to buy some more of this Golden stock... so far, my gut (and my head too, this time) is telling me to think seriously about it....

"120 X 80 X 300 deep equals 2,880,000 cubic meters X 4 tons/cubic meter - 11,520,000 tons of quartz times 5 grams/ton and divided by 33 to get an ounce. This gives you 1,754,545 ounces of gold. I believe that if gold keeps it's value, this 1 3/4 million ounces of gold will become VERY valuable. Couple that with the other geophysics that they are doing with the "POTENTIAL ONLY" of adding 3 other zones that have similar geophysical signatures, you have the makings of a very exciting play, if you like to play with very simplistic numbers (which are the only kind of numbers that I understand).

This is why I think that 5 grams/ton is a very good cutoff number. Even 4 is still giving you 4/5ths of that resource estimate... or approximately 1.4 millions ounces of gold. These are very good figures in my guesstimation... it only points the way for this stock to continue in it's upward direction, in my humble opinion... a resource estimate between 1 and 2 million ounces of gold is NOTHING to sneeze at..."

God, thanks for Blessing all Golden Shareholders :-}

Herb

Share
New Message
Please login to post a reply