Another excellent post Corgi!Thanks for taking the time to...

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GmundStables

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08/06/21

18:37

Post #: 53723719
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Originally posted by Corgi: ↑

MRE Lower Range 1.8 Moz
MRE Upper Range 2.5 Moz
Should Note that there is a deference between the mineral resource and ore reserve but at this stage I'll refer to it as inpit resource. Common to see that only 40%-60% of the resource is calculated in the inpit resource which is also predicated on the base case gold price.
Focus is on mineable resource, Inpit Resource (future reserves) of 1Moz, based on 100koz p.a x 10 years. Assuming this predicated on a low base case gold price for optimized pit as Zeff has alluded that a mining operation needs to be profitable at less then $1000USD/oz
As of March 2021 in the NWR investor presentation, from 13:10 Mins to 14 Mins. Zeff states MRE to support a scoping study that is able to knock out 100koz p.a. x 10 yrs. In March we were not there yet but certainly will get there by the middle of the year. MRE just the starting point and district looking big. Link to video https://www.youtube.com/watch?v=uxW_hwTm8hA
You could back test this and if you assume that if by mid year we have inpit resource 1moz and assume that it's from 50% of the total resoure. You could expect an MRE in the range of 2Moz.
The project and deceptively large, don't just look at the plan view and section on face value, consider the Scale shown below.
You could also test this by undertaking a rough and risk adjusted measure based on the information the company has provided which is plenty! Grade shells have been declared. My measure gives me an approx lower range of 1.8Moz & upper range of 2.5Moz. You can check this yourself or simply just pay a consultant to do so. It will cost you no more then $1500 for a few hours work.
Should be extremely economical as there is essentially no waste, all ore and mill feed. A nice mix of lower grade & high grade mill feed.
Should also note that Zeff is on record for saying that El Zorro is shaping up to be the biggest gold discovery in chile for for quite some time and the past few recent discoveries are all well over 4Moz - 6Moz +

Ofcourse DYOR!

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Another excellent post Corgi!
Thanks for taking the time to upload.
Why is it when I read your posts I always want to buy more at tomorrow's opening?? Thanks for re-affirming my initial and subsequent thoughts on this great stock and discovery. Oh and thanks to Zeff too. ha
Cheers
TSO Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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Another excellent post Corgi!Thanks for taking the time to...

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