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Re: Hurricane_Rick post# 58888

Monday, 08/12/2013 1:43:58 PM

Monday, August 12, 2013 1:43:58 PM

Post# of 80983
15 years ago would equate to 1998. Don said that the work was done in 1986.

Do you happen to have a copy of the report? I haven't found it on the official website or anywhere else but I'm still looking.

This is what Jota holds at $1600/oz

Based on $1,600 per ounce of gold and JJ's estimate of $6 billion worth of gold, this would represent a rough estimate of about 3.75 million ounces.



This is what Dr. Decosta claims ADL holds. Yes, there are other metals but lets just compare gold for now.

Alto de Lipangue Breccia Pipe 722,000 ounces of gold



Even at $1600/oz, you are only looking at $1.15 Billion in gold. If you add the 6.5 million oz of silver and the 180 million pounds of copper (I'm using today's prices) you only add an additional $733.2 million.

So a property with an estimated value of $1.88 billion (I'll give you $2 billion to make the math easy) is the flagship property even though it holds only a third of what Jota holds? Shouldn't JJ be investing all his resources into getting the gold out of Jota rather than ADL?


Malitia