Ok, before anyone reads this and yells pumper from the hill tops let me clarify a few things. I am using ASSUMPTIONS and I have them listed. In addition to those assumptions I have NOT scaled anything down to account for the rounded corners of the anomaly etc. The reason is that the giant anomaly has a rather large sister that I am ignoring and the little sister has 19 babies that are near surface and are also ignored. So, while I do not use scaling I am ignoring a very large portion of the property containing anomalies that are associated with gold samples.
So, drum roll please:
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Calculation of resource:
Assumptions:
Volume = 5905’ (feet)*5577’*4265’ = 9363717935 tons
Density = 15 cubic feet per ton
Scaling = Not used as this anomaly does not cover the entire property
Grade = 0.03215075 Oz/t average
Total ounces housed on property
301,050,522 Oz
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Calculation of Value:
Assumption #1
$100 per ounce in the ground – this figure has been used for years and was used when gold was valued under $500 per ounce.
Value = $30,105,052,200
Assuming 121 million shares outstanding:
Value per share = $248.80
Assumption #2
$1300 per ounce in the ground – Andean was taken out for this amount based on expectations of a lot more gold to be found.
Value = $391,365,678,600
Assuming 121 million shares outstanding:
Value per share = $3234.43
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Lets see some drill results!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
Only $ 3234.43
Why so low ? LOL
