DEG 0.41% $1.23 de grey mining limited

Ann: Hemi confirms potential for major discovery, page-47

  1. 1,122 Posts.
    lightbulb Created with Sketch. 610
    some very rough back of the envelope numbers:

    if the 2 sections are connected...

    640m strike length x 50m wide x 100m depth = 3.2 mill cubic metres

    assuming an SG = 2.6, equates to 8.3 mill tonnes

    at 3g/t that's 800,ooo ounces

    at 4/t that's well over 1 mill ounces

    but here is the thing, if they are connected, then odds are the depth, strike and width are all far greater than those above

    if I am right, it might explain why the market has gone bonkers so fat this morning

    $100M Market Cap is on it's way me thinks

    Just my musing so please DYOR
 
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