St. Elias Mines

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Maybe BOW can help me here as I also scale my calculations. The reason we are scaling is because of the G&S report scaled at 32%. From what I can determine the reason they scaled is because the N.I. 43-101 report showed an inferred ore tonnage at 4290 tonnes. The G&S report showed their estimated ore tonnage at 13500. Both Brophy and G&S used the length x width x depth x specific gravity formula. The 32% that G&S published is the Brophies findings divided by their own findings. My only assumption is the G&S did not have as much data as Brophy and as such determined a factor to compensate.

This was all done on the C1 vein.

I am scaling my calculation because Brophy's numbers were 32% of G&S. It is my opinion that we should scale whatever ore tonnage we come up with by this number as a general rule. Is this not correct?

Vi

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Vimar
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06/25/2010
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St. Elias Mines
Symbol
SLI
Exchange
TSX-V
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130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
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