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0.00% 0.3¢ orinoco gold limited

re: Ann: Orinoco to Commence Exploration Decl... Jimone:I just...

  1. goldentrade
    214 Posts.
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    16/03/14
    14:47
    Post #: 13132696
    re: Ann: Orinoco to Commence Exploration Decl... Jimone:

    I just picked a figure out of the sky, being that the area will be 250m X 300m to get a JORC compliant Mineral Resource. But on further research in the latest announcement in Figure 1. They have drawn the decline on a scaled plan.

    It will be roughly 100m.

    Decline:

    100m X 2.5m X 2m X 2.7 = 1350 tones

    8.5g/t = 11,475 grams

    360 onces at $1500 approx = $0.54 million

    Cost of Decline:

    $2020 X 100m = $ 202,000
    OGX Price at posting: 10.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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