Replies to post #36809 on Atlas Lithium Corp (ATLX)

[samplescave]

Nope. Sorry. Me and The Market do not believe a word
of this Garbage.

Watch as the PPS drifts down today...

[IVRT]

$69,106,382.16 from one mining operation

II. Diamonds and Gold - Jequitinhonha River Valley Land Bank

Minerals: Gold, Diamonds, Sand (for construction)

Location: Olhos-d'Água and Diamantina , state of Minas Gerais

Area: 26,645 acres The NI 43-101 report describes the existence of mineralized materials amounting to 1,639,200 cubic meters with the following concentrations: 0.16 carats of diamonds per cubic meter and 182 milligrams of gold per cubic meter.

That's roughly 6 cubic meters per diamond carat.
1639200/6 = 273200 carats and I used $200 dollars per carat (your number may vary). So the yield would be $54640000.00

For the gold in the ground.
((1639200 x 182mg)/1000mg/gm)/31.013grams = 9614.387 ounces of gold
9614.387 x 1504.66 dollars per ounce (before costs) = $14,466,382.16.

Total would be 54640000 + 14466382.16 = $69106382.16 in the ground not including inferred in the ground.