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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.525+0.6%4:00 PM EST

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To: Berry Picker who wrote (2204)11/20/2003 1:07:01 AM
From: E. Charters  Read Replies (1) of 2255
 
Well it all depends on yer point of view.

To me if you are sandstone in Nevada and you report 200 feet of .05 ounces per ton, it makes perfect sense. I will buy in (PEX). If however you say 2 grams, I like that too.

100 grams sounds great.

We have a property in the NWT that averages 200 grams gold per ton. What do you think of that?

If they say 1500 PP, it is 1.5 grams. That is what it is. If they said .043 ounces per ton, it would not sound near as good to most people.

One of the problems too is that it is grams pre metric tonne. Ounces per ton is troy ounces per short ton. A completely different thing. To get ounces per short ton from grams, multiply by .0291666

We have a tailings pond of 4 million tons of .04 ounces per ton.

What do you think?

We also have one that runs 5.14 grams /tonne. (tailings).

Economics regardless of grade are something else again.

EC<:-}
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