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Re: Montanore post# 42419

Saturday, 07/26/2014 3:50:43 PM

Saturday, July 26, 2014 3:50:43 PM

Post# of 48039
the pay layer doesn't matter; because of the figures being used in the 'estimate'!

Round numbers

12,000,000 square meter x 1 gram gold per surface cubic meter = 12,000,000 grams gold or 387,096 ounces or $503,224,800.00 at $1300 per Troy ounce

15% of 12,000,000 grams= 1,800,000 grams or 58,064 ounces or $75,483,200
That is with a one gram average of a 1cubic meter of pay dirt dependant on depth of overburden.



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