Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Dundee and 007

How I calculated the 1.5 million.

First I had to do some reverse math to figure out what number they used for the weight of a cubic foot of the host rock (shoreline basalt). I figured out they are using 110 pounds. This is not unreasonable in my opinion as Quartz is 160 pounds and granite is 168 pounds per cubic foot. If anything they are probably being conservative because of the volcanic nature of the host.

220m strike x220m dip x6m average width = 290,000 cubic meters

290,000 cubic meters x 35 (cubic feet per cubic meter) x 110 (pounds per cubic foot) =1,116,500,000 pounds / 2,000 = 558,000 tons x 16.7gpt / 31.1 gp ounce =299,633 ounces.

With current known dimensions of up to 600m long and over 450m deep, we consider the potential of the 007/Emperor zones to be far greater than the market's estimate.

Now using the same formula. 600 x450 x6 x35 x110 / 2000 x16.7 /31.1 = 1,674,564 ounces in the "known ddimensions). I still believe the 007 is going all the way down to the 28 level at a minimum. Would this not double that number again?

Call me crazy, however I bought more shares at market on the open friday at $2.73

Share
New Message
Please login to post a reply