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Message: Re: Borden... back of the napkin calc
11
Dec 21, 2010 01:47PM
6
Dec 21, 2010 02:34PM

My very rough back of the napkin calc indicate:

550 x 200 x 90 x 3 tones/ m = about 29 million tones

1 oz equals 32 grams/ tone

Thus each gram of mineralized material on average equates to almost 1 million oz

This deposit is still open at depth and length.

The original 6 holes had an average grade in excess of 1 gram/ tone. Higher grade material is statisticly only shows up as the number of holes increases. There is background mineralization throughout. I those 6 holes several higher grade zones.

My guess at this point in time is roughly one million oz with reasonable confidence.

Not bad for the short timeframe that Borden has come to the portfolio of projects.

JMHO

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