Re: valuation - Visible gold in core samples?
in response to
by
posted on
Feb 11, 2014 10:59AM
BThere
238 gpt is over 8 ozpt which is something for hole #273. One tonne of gold bearing rock would not be that big in volume, some small scoop of a digger...about 3 times less than 1m cube, and that is expensive rock: 8.5 oz x USD 1285/oz = ~11,922 USD x 1.10 Cdn/US = $12,000/tonne, i.e. 1 small scoop of rock = $12k which is not shabby (of course in-situ). My math is OK?
I would be nice to see some of these core samples at PDAC, but for those who cannot attend some close-up pictures posted on PRB website would be next to being their (no touch, but just look is OK).
Could someones who have a good rapport with Dave sweet talk him into posting some pictures on PRB website to impress shareholders... and the world?
I hope that the samples for hole #273 would show visible gold similar to those in the link below.
Some experienced folks (geos, drillers,...)_ with visible gold may want to share their experience with visuals for something in the range of 238 gpt (or 8 oz Au per tonne)? Must be lots of small yellow shiny speckles, or quite a few lumps here and there in those samples?
Dare to dream.
goldhunter