Copied from another post:
Maybe things are better than we think,entire shears minable?
Looking at new PR on old drill reports and things Mark has said in PR about "Big Gold Mine" it seems that the entire shear zones may be minable down deep.
We may have missed something in the PRs etc. Verified that today, they do not know, but suspect that the shears may be bulk minable deeper down. Those drill results they put out and several mentions about "grade increases with depth" were not about the sediment/shear intersection.
It's coming together now, there are indications that very large sections of the shears below the sediment layer get richer with depth. So first the 50 meters below sediment may not be economic (worth milling) but maybe 200, 400, etc meters down it can be richer than what they mined before the FDV bonanza in bulk (and profitably), say 30-50% richer. There are indications of that in the drill holes reported. IMHO that is one reason for 3 drills now and one more to come. The other reason is the high grade.
If so the bulk mining profits and production will go way up. If this indication proves out, would be huge. Gets back to Mark and Kevin talking "Big" gold mine. Maybe 10-20 more drill holes and they can verify that. Think of the entire shear zones that are very wide (20-60 meters) being minable veins and the bonanza ore on top of it as a huge profit bonus. They have not got down there yet to prove it, but indications in drill cores are that this is the case. Best can figure it out now.
If the entire or major parts of shears, say 200 meters and deeper below sediment layer are economic and over 3ish gram material (that they made good profits on in the 2Q with), Beta becomes more conventional, not that am opposed to the Comstock/FDV model at all. So say 4km of the 8km of shears is minable for full width shear zones at 4.5 grams and 25 meters wide and 1 km deep, their profit will skyrocket ignoring the highgrade. And the term a very "Big Gold Mine" they use over and over makes sense.
That would be 100 million cu meters to the cu meter. Basalt, solid weighs 3.011 gram per cubic centimeter or 3 011 kilogram per cubic meter. That is over 6,600 pounds cu meter so call it 3 tons. So then 100,000,000 x 3 tons = 300,000,000 tons x 4.5 grams = 1,350,000,000 grams x $39 a gram = $52.65 Billion. That is ignoring the bonanza grade gold like FDV.
If they can run it at 35% profit to AISC that is $18.4 Billion of possible future profits. It probably isn't that good, but could be. If it is 1/4th as good still way over $10 billion of gold ignoring the newly found bonanza gold that made 3Q and Oct so stellar. I think the market and even us have missed this potential of the entire shear zones.
Cheers
