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Message: Re: Huge Calculation Errors
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Feb 25, 2011 05:33PM
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Feb 26, 2011 12:29PM

Thanks Vee, that's very interesting. If your calculations are correct, the irregular shape of the anomaly returns a volume of 4.66 M m3, as compared to the volume of 5.2 M m3 returned by using the formula for an ellipse. It is evident then that using the formula for HALF a sphere/ellipse, is very conservative! It also confirms that using the formula for an entire ellipse, and not halving it, is a pretty good approximation - only out by about 10%. Using 1,877 M oz, $20/oz for gold in the ground, and 115M shares, that translates to $326/share.

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Feb 26, 2011 03:07PM
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Feb 26, 2011 04:37PM
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Feb 26, 2011 04:54PM
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Feb 26, 2011 04:57PM
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Feb 26, 2011 05:13PM
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Feb 26, 2011 05:46PM

ETO
Mar 04, 2011 03:36PM
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ETO
Mar 04, 2011 04:29PM
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