@Lethal70If B was to triple, why not A along with it?
We still have a very high potential to find more parallel loads.
We also have high chance of higher grades with depth and I would not try to guess a depth limit but 1,000m will multiply this exponentially.
Let's look at what we have now and I will be repeating myself a little here.
Inventory prior to Hemi calculated up to the cut off at Dec 31 ~2.2m oz. ( not confirmed by deg ).
Now we use the numbers indicated in the last ann.
I chose to use the max width in A zone simply because it is still open and expect more to come yet.
800 x 50 x 180 x sg of 2.6 x 2g/t / 31g/oz = 1,207,741oz
If their interpreted B zone is correct, then we have a minimum of 600m already and yes it could grow rapidly.
600 x 220 x 200 x 2.6 x 2 /31 = 4,428,387oz
With this width and depth, any step out has a huge impact on the size of the res particularly in b zone.
So too will the grade and then any parallel loads will also add res oz very rapidly.
You can do the numbers above and add or subtract 0.1 g/t to see the impact.
10M oz?
What do you think?
If the grade in B zone were to increase by 0.2g/t to 2.2 we would have an increase of ~443,000 oz but let's stick to something more conservative.
All needs to be further drilled but exceeding these calcs is a forgone conclusion to me.
Now let's look at the carnage that is going on and the effects that are starting to become visible.
The general market is factoring in a major recession with stocks off 30, 40, 50% but gold is not down that much.
When the market stabilises and we find a bottom, watch what will happen to the gp? Just look back at the behaviour in the 2008 gfc to get an indication but things are a lot worse now, imho, ( worse for the market = better for gold ).
Has anyone tried to buy Physical gold or silver right now?
Paper value has gold at the number we see everyday while the price to purchase is much higher, IF you can get it.
Where will people be putting their money when the music stops?
Don't know about everyone else but I know where my money is.
What is north of Aquila?
Kind regards, Wack.
(20min delay)