Bruce,
- The situation is much better now, at around noon there was a whopping 710 shares traded, but with 15200 asking 1.95. The last share price was 1.94. Yup, saw that 200 shares @ 1.94 that were bought in your name by Catso.
For 0.01/s difference why nobody would match the ask and scoop up the 15100 shares for less than $30k?
Perhaps, we are all fully loaded up to the gills, hence cannot swallow anymore. Just sitting around waiting for the universe to unfold. One possible outcome is shown below.
- Just looked at some x-sections for the so-called notable holes again, and some of the grades are really really nice. Take the previous star-hole (honey-hole as others would call it) the intercept 51m @ 10.3gpt would be equivalent to 175m @ 3gpt (3gpt is a decent grade for underground operation, hence it was picked as a reference grade for comparison purposes). 175m is a hefty intercept. Some recent holes, e.g. #420 has an equivalent intercept of 106m @ 3gpt (reported results = 47m @ 6.8gpt). If one goes through this conversion and feed it to a "shoebox model" (the pencil shown in PRB HGZ model is actual a slab (assumption of course), going straight down with the intercept as the height of the shoebox. The length of the shoebox (= the pencil) would be approximately 1000m (950m as indicated in the NR). The width is another dimension which I would double. The diagram suggested a HGZ core of 100m wide (Dave did not want to go overboard with an approximate diagram). Let's make it 200m, based on an extrapolation of the results we have so far.
V= 100m intercept x 1000m strike length x 200m width = 20M m3 ore x 2.6 s.g.for gold bearing quartz = 52M tonnes ore x 3gpt = 156M g Au /32 = 4.87M oz Au = ~5M oz Au.
How would 5 M oz Au in the HGZ grab ya ?....And this ~5Moz is on top of the stuff in the low grade zone (the yellow area in the model diagram containing grade of about 1gpt range, but the volume is much larger). The pit-cosntraint resource was shown to contain approx 4.3M oz Au. Total HGZ + LGZ = ~10M oz Au.
Please check my math to verify the results. If the number is correct then feel free to scale it up or down depending on your conservatism.
goldhunter
