InvestorsHub Logo
Followers 15
Posts 1370
Boards Moderated 0
Alias Born 07/07/2007

Re: TRAPPER JIM post# 1614

Saturday, 12/04/2010 12:09:40 PM

Saturday, December 04, 2010 12:09:40 PM

Post# of 15403
Trapper jim-that can be easy calculated to my Combined DD Defoult:

In the brackets recent numbers calculated on recent price for Gold

At that time it was estimated that the older conglomerate area has a surface of 250 hectares (500 acres) or a
potential volume of 32,000,000 cubic meters (approx. 10,000,00 cubic yards). Assuming a cut-off of 2 grams
per cubic meter, a revised gold price of $1000.00 (1400)
per once, and an 18% net profit, the placer has a net potential value of approximately 120 million dollars. (160)
The Tertiary conglomerate area has a surface area of 100 hectares (approx. 250 acres). Using the same
assumptions as above, it has a net potential value of 50 million dollars. (70)
The recent alluvial area has a surface of 120 hectares ( 265 acres) and a net potential value of 60 million (80)
dollars.
The total potential net value of the currently known placer resource of the upper meters of the area is
approximately 60 (80) million dollars million ( 250 @ $750/once).

would have to be: (250 @ 1400/once)
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.