Be sure to checkout the silvercorps Denver gold forum updates. Yahoo does not let me link anything due to spammers abusing the privilege, so just google it.
Interesting things in the presentation are the charts showing how Proven & Probable Reserves, Measured & Indicated Resources, and Inferred Resources have changed since the 43-101's for the better.
There is also a updated production forecast, it all looks very positive on the production front to say the least!
just read the updated info
gc mines silver oz
3* 30 = 90mil
15.5*30* .5-.75 = 232.5-348.75million
4.4 *30 * .25-.50 = 33-60million
25.6 *30 * .10-.25 = 76.8-192
31.5*30 * 0-.10 = 0-94.5
total in silver content for gc mines:
max of 784.75 million dollars at 30 dollar only silver
min of 432.3 mil dollars at 30 dollars only silver
average = 608.525 million dollars worth of silver at 30 bucks. WITHOUT by products with by products almost 1 billion dollars as I estimated last time.
SO to Jon Carnes and her supporters about 50 million paid for this mine was a rip off then? seriously? are you serious? you get a 10 fold return and it is a rip off?.....
my god.... they must be uneducated.
just did the proven probable measured indicated and inferred for the total zinc lead as well
that brings a min total of
298.2 as a weighted min.measured at 1 dollar per oz and I know it is below that by give or take 10% not going to bother so just 1 dollar
adding to the original min.
grand total min = 730.5 million dollars worth of the gc mines today. deducting smelting and expenses of course less but still worth 10x the investment. as a MIN.
if it was valued as a max it would be greater than 10x the investment gain already. and even average for that matter.
gg did complete calculations already.
is yahoo blocking my postings or something it seems it went missing....
anyway looked it up and such I wonder if JON CARNES will stage another article complaining about inferred after
I educated him about weighted average or mean.
come on man that is what you learn in basic algebra/statistics.
it seems he failed his class....