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Message: Re: Interesting Volume!!!
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Jul 04, 2011 10:05PM

Not sure I'm saying that Sculpin (0.32g/T), I use that 68% scaling factor only because of the Gluckstein & Silverspoon coverage over a year ago when they reported the scaling factor of 32%. I think they actually meant 68% (multiply it by 0.32) because they had an Estimated Ore Tonnage of 13,500 T (C1 Vein) & the NI 43-101 Inferred Ore Tonnage was 4290 T, so that's 68% less, even though they called it a 32% scaling factor. That was the number they used for the rest of their calculations.

So, that's why I said that, 68% scaling factor. I'm very confident as well, the way the anomallies showed up on the 3D Imaging, we could be looking @ more than 1g/T, but I don't want to go there, cause I don't know. And the $150 per OZ seems as conservative as you can make it, based on the recent takeouts, the present & future gold prices & fundamentals.

I think Rinky summed it up pretty good tonight, and that's really why this Hub (IMO) is so good, and so helpfull, and has so many people reading & following it. If we all had the same opinion, I guess it would all be quite boring!

It would be very easy to add a factor of 2 on the grams, the gold price, and reduce the scaling factor, which in the end would add up to a factor of approx 6, but once again, I don't want to go there, but at the same time, I don't want people dividing the predictions by 6 and thinking $20 per share (approx) is a reasonable or acceptable offer if it were to come our way! Just my opinion!

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Jul 08, 2011 07:59PM
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