Ann: Quarterly Activities and Cashflow Reports - September 2018, page-86

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fmx_rider

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14/11/18

11:51

Post #: 36498838
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Originally posted by Midnight26: ↑

Apparently somebody thinks that there is no evidence to suggest that this is a trillion dollar resource. Nobody can say that it is a trillion dollar resource but there is evidence that this is a very, very large resource.

A simple polygonal estimate of the results to date from 6 of 37 holes gives 9.5Moz from Tres Estado (7.65Mt@38g/t).

9.5Moz x $1700 = $16.15B

$16.15B / $1T = 1.6%

We have tested much less than 1% of the 10-15km long Tres Estados dolerite which hosts widespread disseminated mineralisation, is peppered with workings and has a 5km long geochem anomaly to the NE which we are waiting on results for . Every result received is high grade. All holes with results to EOH are mineralised to EOH.

Then there's Ema which is just as big and just as rich as Tres Estados. Then there's the silver and PGM credits.

All this is explained on the 100% Ore thread.

There is evidence but it's up to the reader to interpret the results. All IMHO. DYOR.

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Tabulate grades 20m below oxide/fresh contact enrichment zone and the grade is a lot lower than your calculations.

And when has a polygonal estimate ever been representative of a gold deposit. It’s a junk method that yields inaccurate results. Obviously you are trying to make your guesstimate sound technical. It’s a guess.

BBX Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Quarterly Activities and Cashflow Reports - September 2018, page-86

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