Followers | 142 |
Posts | 5891 |
Boards Moderated | 0 |
Alias Born | 10/27/2003 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, August 07, 2018 10:48:35 PM
In the (P10) worst case scenario, the exploration target has 450,000 tonnes of ore with a 4.2 g/t grade and a metal content of 60k ounces. At $1,200/oz, that comes to $72 million.
In the (P50) middle case scenario, the exploration target has 8.6 million tonnes of ore with a 3.5 g/t grade and a metal content of 950k ounces. At $1,200/oz, that comes to $780 million.
And finally, in the (P90) best case scenario, the exploration target has 12.5 million tonnes of ore with a 3.5 g/t grade and a metal content of 1.4 million ounces. At $1,200/oz, that comes to $1.68 billion.
Obviously this is a very rough estimate, though it is based on the geological data, exploration and bulk sampling completed to date. It also doesn't include extraction, expansion and further exploration costs. However, it at least provides shareholders (and financiers) a certain level of valuation that can be associated with the property and the company. The upcoming bulk 5,000 tonne bulk sample, along with the ore sorting techniques, will provide even more data and help to further refine the estimate.
As an Inventus shareholder, I'm very pleased. So must Mr. McEwen and Mr. Sprott!
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM