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2.4¢ winmar resources limited

Ann: Lomero drill intercept grades 11.2 g/t gold & 7.4% zinc, page-47

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18/05/17

23:24

Post #: 24782682
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Originally posted by New-clear-skies ↑

Too right kynrazor! As I reasoned earlier, statistically there should be higher grades and bigger intercepts. Maybe if I explained the grade figures in a different way it might make more sense to some.

Consider a tonne of ore with a grade similar to the best gold assay reported today. Imagine a block of ore about 63cm x 63cm x 63cm (2ft x 2ft x 2ft in old parlance) and you have roughly one tonne. If this block was similar to today's highest grade sample (12.25g/t) then it would contain 12.25 grams of gold, worth today about US$493 (US$40.25/g). This is very encouraging, given the other credits also present.

WFE is building a better picture of the grade distributions to provide an upper limit on the value of the resource. Estimating the reserve will come much later and include mining factors and estimates for recoveries for each mineral type, gold and silver. We are not at that stage yet, but I do think we deserve a MC higher than a mere shelf company.

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But whats the point of adding to a resource that is uneconomical and un-minable? They need a new lens. Any new hits will point them in the direction but none are a rerate

WFE Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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