All points look right to me gemsearcher. The EKG rock is giving good results (up to 100+ cpht). Interesting to note that is close to the grade Winspear has in their dyke. Suf calls 70 mm drill core (2.75 inch) diameter " large diameter" but to me that is preliminary exploration diameter,...too narrow to give good grade estimates, so we will continue to wait for better data and stock price.
I hope there is lots of that EKG rock with 1 carat per tonne in that pipe,... and I like Gord's valuation of US$200 per carat. Now if the Angolans would just sit down and start smoking pot, listening to rock and attending anti-war concerts we might see $7.00+ again.
russett the worried
Edit after reading Confluence post,
10,000,000 tonnes times .4 to 1.0 carat per tonne times $100 to $200 US per carat gives a resource range of 0.4 to 2.0 billion USdollars,...or at 3500 tonnes per day,...US$140,000 to 700,000 per day or US$45,000,000 to 240,000,000 per year,...half the revenue to SUF for about 10 years mine life. Seem like good numbers to me. |
