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Re: creapingman post# 89453

Wednesday, 08/25/2010 2:31:48 PM

Wednesday, August 25, 2010 2:31:48 PM

Post# of 233828
REAL good my friend, with 10 g/t of gold in the ground, we probably have a economically viable reserve of which to mine. To give you an idea, imagine we had only 500,000 tons of mineable rock with 10 grams of gold per ton. Thats 5 million grams of Au. Now divide that by 28 to get it converted in ounces; about 178,000 oz of gold. Multiply that by the current gold prices ($1200) and you get $213,600,000!!!

And don't forget the SILVER! Judging from the ridiculous amount of silver we found, imagine we had 1 million tons of mineable rock with an average of, lets say, 180 g/t of Ag (Silver). Thats 180 million grams of silver. Now multiply it by the current price which is about 19 dollars an ounce, convert it again and you will get $121,600,000 worth of silver in the ground! MUCHO MONEY!!
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