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Re: TMLonggun post# 1160

Friday, 06/06/2014 9:43:11 PM

Friday, June 06, 2014 9:43:11 PM

Post# of 47603
So there is indeed a typo in the placer section of the low estimate (which is what I was using).

The grades are actually 0.04 opt and not 0.4 opt as it is listed in the spreadsheet.

This hugely modifies the placer production:

We are looking more realistically at 100-400 ounces a month, so Mexus' split is 50-200 which is still a heck of a lot better than the current goose-egg and the previous ~1 ounce a day.

At full run rates the placer should produce 4-5k ounces of gold per year which makes much more sense than the math in my previous post.