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Re: Destinator post# 1022

Saturday, 04/23/2011 11:43:53 AM

Saturday, April 23, 2011 11:43:53 AM

Post# of 12573
Destinator, I just did a back of the envelope calculation that I intend to put in my pocket for when the follow up PR on the two holes is out. Lakeshore announced 12.75 grams/tonne over 83.7 meters, which resulted in a roughly $1 billion surge in market cap for LSG. So here comes the fuzzy math: 83.7 meters X 12.75 grams = 1067.2 metergrams (I have already patented this new term, so no one else will get rich off this brilliant insight, lol). When EXSFF announces its next TPW results over 50.5 meters (if memory serves), if the grade is 21.2 grams per ton or better (a very healthy grade to be sure), we will be at roughly 1070.6 metergrams. The price of gold has risen nicely since the LSG discovery, but all things equal and making conservative assumptions, we are looking for 21.2 grams/tonne over 50.5 meters and we have our liftoff. QED (a middle school education is a terrible thing to waste!)

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