RVR 0.00% 7.3¢ red river resources limited

Ann: Red River identifies gold potential in Hillgrove waste dump, page-20

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  1. 13,525 Posts.
    lightbulb Created with Sketch. 4614
    Well I've had a re calculation using 100mx 70mx15m= 105,000 cu mt in the dump.
    at 1.6 T per cu mt is 105,000 x1.6 = 168,000 t
    at 3.49g per t is 168,000t × 3.49g =586,320 g..
    at 28.34g to an Oz is 586,320÷28.34 = 20,688 ounces gold

    Gold in currently around A$ 2,290 Oz × 20,688 Oz = A$ 47.58 Mil gross

    Please tell me I'm right based on those numbers...

    The only thing I'm uncertain of is the actual, dump volume and the tonnes per cubic mt, I have based it on crushed rock but it obviously varies in size so may be lighter...given its basically ours for nothing I will reluctantly accept a more modest number...

    Cheers Whisky


 
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