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2.2¢ savannah goldfields limited

Ann: Native Title Agreement Executed for Agate Creek Gold Mine, page-64

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dugsab

17,071 Posts.

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19/12/18

04:13

Post #: 36900217
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Originally posted by jezzathegeo ↑

Originally posted by dugsab
What on earth is "MIK"?

What on earth is "40g/t C/O"?

What on earth has "Modifying Factors" got to do with gold production?!

Of course they are "smoothed", how else do you propose to do it?

With respect to your "Reserve" claim:

Current JORC Resource:

✚ 8.2 Mt @ 1.4g/t for 381,000oz Au at 0.5g/t cut-off

✚ 1.25 Mt @ 2.11g/t for 85,000oz Au at 1g/t cut off at Sherwood and 2g/t cut-off for Sherwood West.

Advanced project with more than $18m already spent, more than 500 drill holes with the majority of the drilling being less than 200m deep.

A sample of 5,472 dry metric tonnes produced a total of 1,725 ounces of gold, produced at a recovered gold grade of 9.8g/t gold from a feed head grade of 11.2g/t gold (a gold recovery rate of 87%). Black Jack Plant expects to achieve recoveries of 90% to 95%.
Multiile Indicator Kriging. Dealing with a highly homogeneous population by segmenting the probability curve. And when the capital is spent and the gold ain't necessarily where the MIK suggested it was? If you don't know what the Modifying Factors are, thenI suggest that you re-think an investment in mining. CDU, ABM, CRK, CTO etc etc.

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And the “40g/t C/O”....?
LNY Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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