We have 1m at 100g, let's assume it's 1m^3 and it weigts about 1.5 tonnes. Let's assume we do the best 1000 tonnes... The 100g ends up being a rouding error... So the avg density is more important.
With 100% recovery
So if we do the best 1000 tonnes And get an avg of 6g of gold. Pay 2 g of gold per processing.
Get about $ 500K
If you assume an avg of 10g of gold, then you get 1M
If you assume an avg of 10g of gold on the whole 8k tonnes... 8M
Looking at the last image provided
My estimation:
It looks like about 1/2 of the area is >5g/t and 1/2 less... Let's be generous and assume 5g/t for the whole area
And that we bulk half the 8k tonnes... Assuming a recovery of 60% (less % of gold means less recovery) 50% of 5 = 3g/t And we pay 2g per tonne processed... We get 1 gram
(3533.13/31)*1000*4*0.6 3533.13 price per ounce 31 graps per ounce 1000*4 tonnes bulk processed .6 recovery rate
I estimate $300K
M2M Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held
