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22/06/08
21:25
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Forget the phrase "sitting on a gold mine" what about "sitting on a Rhenium mine"
Rhenium? What I hear you say? Never heard of it? Fair enough then hey?
POG US$850.00 OUNCE
Price of Rhenium US$5700 / pound = $356.00 OUNCE
Conversion 16 ounces in a pound
Therefore on $ value
2.47 grams of Re = 1 gram of Au
Fundamentals for Re about to explode because of the airplane industry's necessity to reduce fuel consumption.
Add a little civil unrest in Kazakhstan perhaps down the track to the recipe and let it simmer for a month or 2?
Hmmmmm.... KAMBOOM!!!
Lets do some maths shall we?
Maybe this will Mr Market understand a little about our mate Kings?
Hole K1
62 metres @ 3.8 grams Re = 62 metres @ 1.6 Au Eq
Hole K17
7 metres @ 7.5 grams Re = 7 metres @ 3.1 Au Eq
Hole K18A
15 metres @ 3.9 grams Re = 15 metres @ 1.6 Au Eq
24 metres @ 3.7 grams Re = 24 metres @ 1.5 Au Eq
AND Hold K19...wait for this one fellows
329 metres @ 3.4 grams Re = 329 metres @ 1.4 Au Eq!
Yes thats 329 metres @ 1.4 Au Eq! Most gold explorers would dream of those results!
More I hear you say? Yes OK not a problemo,
Hole K20
73 metres @ 6.5 grams Re = 73 metres @ 237 Au Eq
Plenty more as well !
Check K23, K21
Hole K29
21 metres @ 3.4 grams Re = 21 metres @ 1.4 Au Eq
Am I missing something here fellas` ???
Are those figures flawed?
Gold explorers would dream of getting Au hits like those?
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