InvestorsHub Logo
Followers 26
Posts 2315
Boards Moderated 0
Alias Born 08/18/2010

Re: Iceman2004 post# 30710

Tuesday, 05/24/2011 8:40:01 AM

Tuesday, May 24, 2011 8:40:01 AM

Post# of 101798
Your numbers are staggering and I hope they are relatively close but I am not really confident they are. Unfortunately we are missing a large piece of the equation so we cannot figure out what production numbers they are getting.

"typically 1 to 2 grams of gold per ton of feed gravel, we would stay there."

"Once we got into the gravel at this location (location deleted for security purposes), we have received approximately 1.5 g of visible gold per ton of feed."

Correct me if I am wrong but we were never told what rate the feed gravel is coming through. Are we getting 5 tons an hour, 10 tons, or so on. That is a very large variable and I am not sure I would say the 50-60 tons per hour equates perfectly to the feed gravel.

The update is very promising but fails to truly indicate what rate they are recovering. Just what portion of the recovery has value.

Don't want to sound like a party poop-per but trying to remain grounded. Hopefully we can get numbers as to the rate of feed gravel they are moving. Also I hope they can give an idea of how much black sands have been stock piled so far.
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.