SMI 8.33% $1.30 santana minerals limited

Plenty of misinformation in that video , ie stated at around 4...

  1. 33,675 Posts.
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    Plenty of misinformation in that video , ie stated at around 4 minutes that Kalgoorlie mine , in WA mines at over 7 grams a tonne , well the open pit there at KCGM has a reserve of around 1.5 grams a tonne in reality .
    macraes is a relatively high grade open cut mine if it is mining at 2.5 grams a tonne if the boy is correct .

    Also the 3% GDP figure used for Macraes has been instantly increased by a factor of 10 according to the boy
    NZ GDP is around $US250B that mine does not make 3% of that be lucky to make $300M in Revenue so maybe 0.1% of total GDP not 3% !

    As for the glinting gold particles LOL that is pyrite , boys on site would have had a good laugh at the new boy posting that !
    Last edited by plough: 20/05/24
 
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