Ann: Production to commence at historic Victorian gold mines, page-151

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trtkjd1

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16/02/19

19:30

Post #: 37459882
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Originally posted by vertigo: ↑

"Until they actually mine it the total is impossible to estimate."

When you mine it, its not an estimate anymore... It is possible to estimate but there is a wide margin of error hence its called an estimate,
"Vertigo what were the calculations that led you to come up with those figures. I suspect a lot of assumptions, guessing and wishing was involved. You are so quick to demand others back up their statements with fact so apply the same criteria to yourself eh?"

I am happy to share the basis for my estimate. It involves scaling the isometric orebody model published, applying a 0.5 average width (as most of the true widths appear to be from about 0.4-0.8) applying the specific gravity of dolerite, applying the average mine grade 25gpt even though a cross drilling over 10m returned around 70gpt.
"How can anybody admit they were wrong about finding a VIABLE, ECONOMIC erebody when it is far from being proven?"

The fact that a professional geologist gave the go ahead for production based on the modelling they have done from the drilling campaign all but proves that the reef is profitable bar actually mining it. Some wont admit their massive mistake until then, OK.
"Many times I have asked you to answer the question ' do you think they can mine the MS mind in a consistently profitable operation?"

Now that the geologists have given the go ahead for production I don't hesitate in answering.

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Is it not possible that again they could be wrong , Like Greg curnow MCO chief geo was . Guess not ,because you believe they are right or at least telling the world they are.

AUL Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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Ann: Production to commence at historic Victorian gold mines, page-151

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