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Tuesday, November 19, 2013 12:34:25 AM
AFYG HIGHER POTENTIAL THAN PREVIOUSLY CALCULATED. Source - Corporate Presentation
There are currently 19 veins identified. But there could be more.
And of those 19 veins, only 4 have been modestly exploited as stated in the Corporate Presentation.
What this means is the earlier post I made on the average number of ounces, roughly $7.5 Billion dollars is lower than the reality of the situation for how much Gold and Silver that is really there for the MACHACALA PROJECT alone.
But, if AFYG performs another NI-43-101 to prove the resources there, all bets are off and this goes dollars quickly with even more proven resources.
Here is the information on the estimated veins and average ounces per vein. All calculations based on $1,250/oz of Gold and $20/oz of Silver.
301,000 oz. average per vein, of Gold alone, then multiply that by 19 veins equates to 5,719,000 ounces of potential Gold.
301,000 x $1,250 = $376,250,000 avg/vn
19 Veins x $376,250,000/Vein = $7,148,750,000
$7.1 Billion in Gold alone!
Now lets factor in the Silver! It is truly OMG Levels on both the MACHACALA and CARABAYA PROJECTS!
9,338,849 oz. Ag - NOTE: That this information was also verified by Gold Hawk Mining and Meridian Mining Companies when they owned this project.
9,338,849 oz. of Silver, average per vein, then multiply that by 19 veins equates to 177,438,131 ounces of potential Silver.
9,338,849 oz. x $20/oz = $186,776,980 ag avg/vn
19 Veins x $186,776,980 oz = $3,548,762,620
YES! $3.5 Billion in Silver alone!
MACHACALA PROJECT (ONLY):
GOLD = $7,148,750,000
SILVER = $3,548,762,620
TOTAL = $10,697,512,620
THAT IS $10.7 BILLION DOLLARS FOR MACHACALA ALONE! OMG!
ARE YOU STILL BREATHING??? CAUSE CARABAYA IS NEXT! GO AHEAD! TAKE A BREAK! SIT DOWN! DRINK SOME ESPRESSO!!!!
CARABAYA PROJECT:
GOLD RESERVES:
Category m3 Tonnes Oz./Ton Ounces/Au
Measured Reserves 3,660,000 720,000 0.0506 36,432
Indicated Resource 3,500,000 7,000,000 0.0337 235,900
Inferred Resource 27,000,000 54,000,000 0.0337 1,819,800
Measured 36,432 x $1,250 = $45,540,000
Indicated 235,900 x $1,250 = $294,875,000
Inferred 1,819,800 x $1,250 = $2,274,750,000
MACHACALA + CARABAYA: $10,697,512,620 + $2,274,750,000 = $12,972,262,620 ALMOST $13 BILLION DOLLARS FOR THESE 2 PROJECTS
CARABAYA PROJECT
All statements made are my opinion only.
You should always do your own Due Diligence.
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