I was a bit sceptical about the magic 1 mill ounce figure for Garden Well so I revisited my data.
Grade - I got 2.66 g/t which agrees with tasteit's 2.7. Simply a weighted average of all significant intersections.
Depth - I had at 50m incorrectly. It's already at the oxide fresh contact of ~ 120m from the sections and with the RC drilling going on now we should have some feel for a full depth or say to ~150M. There's a high probability of that IMHO.
Width - the hardest to estimate probably. Im some places upto 70m and some places less with gaps etc. 50m is nominal and as good a guestimate as can be made.
SG - I'm guessing 2.5 for now.
Depth and width are obvioulsy huge wild cards at this stage (as are all numbers).
Hence:
800 x 50 x 150 x 2.5 x 2.66 / 31.1 = 1.28 moz resource
58 % conversion using tierentos figure = 744 koz reserve
I'm no longer sceptical.
Will the market recognise it ?
I was a bit sceptical about the magic 1 mill ounce figure for...
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