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MT ISA METALS LIMITED (ASX:MET) - nice news today, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
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nice news today, page-3

  1. Squadger
    869 Posts.
    lightbulb Created with Sketch. 33
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    19/10/11
    17:47
    Post #: 9163285
    Using the average drill intersection and average grades quoted over 2.2km and the depth from the Aug 17 2011 data, I estimate 0.527M oz Au at Nabanga.

    Averaging this way is misleading even for a simple estimation formula. It is better to average the product “grade X drill intersection” for each of the three zones separately. This reduces the estimate by 13.8% ie to 0.454 M oz Au..

    It is only worth stating this type of estimate to one significant figure so either way that is 0.5M oz Au – so far, at Nabanga.

    I think this result is great and can only get bigger when Met drills deeper there.
    MET Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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