InvestorsHub Logo
Followers 1
Posts 31
Boards Moderated 0
Alias Born 04/11/2010

Re: murrie post# 4408

Tuesday, 02/15/2011 4:33:52 PM

Tuesday, February 15, 2011 4:33:52 PM

Post# of 12338
I don't think you can average the averages. For instance
10M @ 100% + 5 M @ 50% gives you 7.5 M @ 75% average.

If you then take 10M @ 50% + 5M @ 100%, you get the same average but the amount of potash would be significantly different

I think a better calculation would be calculate the equivilant width of pure potash for each sample and then average that number out.

A quick calculation gives me an average of 1.75 M of 100% KCL over the area you describe. The final number (13.26 MT of KCL) is less but is, I think, mathmatically more accurate.

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.