Not appreciated enough

Welcome to the San Gold HUB on AGORACOM

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

AndyK

Rank: President [?]

Points: 4330 [?]

Votes: 52 Score: 3.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Not appreciated enough

posted on Sep 24, 2008 10:51AM

I did some research last night on copper/zinc/gold/silver deposits in the Reed Lake area.

When a company finds a big deposit in this area, there can be around 5,000,000 tonnes of ore if it is a small one.

The VMS deposit has an average of 2.5% per tonne. I am going to go and surmise that WEL has a similar grade of copper concentration. That would make about 50 lbs per tonne.

@3.14 per lb that would make each tonne of rock worth 157.00

muliply that by 5,000,000 tonnes and wow, we have 785,000,000.

This is only for the copper. Since most copper deposits have other metals like zinc, gold, and silver. This could be worth North of 1.5 billion.

So with this huge potential, I would expect that there would be some loving today. When VMS found their deposit, the SP shot up from .20 to 1.75.