Mostly: Classical

[basserdan]

SUR: Wow, that's a nice chart. What do you like about it?

I'm putting it on the hot lists. Sure beats waiting for SUF to do something. And I only have to change one letter in the watch list LOL.
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Hi Dave,
It's been a while since we last heard from you. I hope all is ok in your world.
I just found this on oeo2oo's SUR board..........


Not so idle speculation.

From Sur's Interim Report filed with SEDAR on 12/1/03:

More than 7,000 metres of surface trenching and 460 metres of underground development carried out to date indicates that, in addition to the main veins, the intervening ground appears to be pervasively mineralized averaging about 1.4 g/t gold.

Including the higher grade veins, the average of more than
700 samples is 1.6 g/t indicating the distinct possibility of a very large, medium-low grade disseminated gold deposit.

Based on reports by a former operator of pervasive mineralization being located over a much larger area surrounding Batoto, the Company has set its 2003 goal to determine the full extent of mineralized zone(s) by systematic geological mapping and extensive sampling.

OK, here's the math:

Based on 1.4 g/t (overall grade could be higher)

1300mx500mx350m = 227,500,000 cubic meters x 2.5 tons/meter = 568,750,000 mil tons of ore

568,750,000x 1.4 g/ton = 796,250,000 gms total

796,250,000 divided by 31 to get troy ozs= 25,685,483 ozs

25,685,483 x 75% recovery =19,264,113 recoverable ozs

19,264,113 oxz x Sur's 70% ownership = 13.48 million ozs

13.5 ozs valued at $50 oz in situ = $675 million

$675 / 50 million shares = $13.5 per share.

Anyone willing to wait three years for $13 a share?

http://www.investorshub.com/boards/read_msg.asp?message_id=1855485