Australia's largest stock trading and investment forum Australia's #1 stock forum

SVG

Click for more information

0.00%

2.2¢ savannah goldfields limited

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

First 64 Last

Share
Profile

Follow
dugsab

16,935 Posts.

2633

19/12/18

04:13

Post #: 36900217
Share
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.

Expand

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

0 Great analysis

Reply

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BUX

Buxton projects new graphite province discovery at WA Narryer play

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

There are more pages in this discussion • 37 more messages in this thread...

First 64 Last

Add SVG (ASX) to my watchlist