Cannon Exploration Inc. (fka CNEX)

[oryx]

Stock Girl, I have a question about the numbers.

Your calculation of the ore from the Alexandra mine is as follows:

85 feet (length) X 85 feet (width) X 85 (height)== 614125 cubic feet of materialized material

Assume 10 cubic feet per ton for weight (as website did) So 614125 / 10== 61412.5 tons


31.1 gram== 1 troy ounce
14.47 (AU grams per ton) ==.465 ounces
.465 ounces X 61412.5 tons= 28,573.59 ounces of gold TOTAL
Now if we plug in the price of gold per ounce--- $1,212.37 USD X 28,573.59 ounces ==$34,641,772.12

If you look in the ibox, the historical report of the Alexandra mine says the shaft was "85 feet deep, vertical, and 6 by 10 feet in size", not 85 x 85 x 85. Is the 85 x 6 x 10 correct? If not, where did the 85 x 85 x 85 come from? If the 85 x 6 x 10 is correct, that makes the volume of ore removed 0.0083 times the original calculation, which makes the ore value around $290,000, not $34M. I didn't check the rest of the calculations which I assume are correct.