Tuesday, September 10, 2013 11:41:14 PM
The Atacama Desert covers an area of 181,300 square kilometers.
Did you do the Math?
hectare to square kilometer
15000 ha = 150 km^2
Oh, and the original Howe report on the Gordon breccia drilling was only 13.63 km^2 (1,363 ha).
Funny coincidence Perez report encompasses 140 sq km,
JJ Acquired 150 sq km in the same area!
Yes, just a coincidence, I'm sure.
You may be surprised I don't espouse to the theory you may be hearing on acreage ... holds as much water as the Atacama Desert (driest place on earth)! lol
In all seriousness, it makes no sense to have open pit mining without substantial acreage, access, and yes, I believe you are right ... proven reserves. When a company without deep pockets signs a contract with a producing mining company, the primary purpose is to have the JV partner fund the drilling and be responsible for turning potential reserves into Proven Reserves on the claims. It helps to have property of sufficient size and promise based on initial drilling, surveys and reports, which I believe Medinah Minerals has acquired. We'll just have to wait to see who signed, and for what amount of $$$. Bottom line - Will the theory of "shallow" centimeters or "deep pocket" square hectares pan out in the end.
Invested in the Mountain
... and That's What Counts!
easy
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