I've been searching to see if there is a standard used when you have a NI 43-101 Inferred Ore Tonnage from a Company's Estimated Ore Tonnage. There are others searching as well. So far, I'm finding it not so easy to find.
But, if my earlier post seemed like some confusing numbers & wording, I appologize, it's hard to explain.
Bottom Line, in the original Gluckstein & Silverspoon Report, which seems to be continually used, they said "Scaling Factor of 32%" it really is a scaling factor of 68%, which to me always seemed quite high?
If 32% is a true number companies should use to be NI 43-101 compliant, then we have some new calculating to do! Not only that, but don't forget when they calculated our Stock Target Price, they used only $75.00 per OZ and said "we apply a generous discount to the group average"
Like I said when I calculated the numbers the other day, and said "Hold on to Your Shares" keep all these things in mind:
- Only 1 anomally was used
- It's pretty easy to see, that the 1 anomally is still open at depth
- Only 1 g/T was used
- The scaling factor was 68%, not 32%
- The density used was 2.5T/M3 not 2.7T/M3 (which should be used)
- The price per gold in ground was $150.00 per OZ (IMO very low)
- The shares used was 115 Million (at this time it would be a bit high)
As we always say, yes no doubt it's still speculation, yes we do need the Permit & the Drills to prove, but let's be honest, does not all this information seem a bit on the conservative side?
With all this conservative data (IMO), remember the share price still calculated out to $133 per share
