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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: heinz44 who wrote (26668)11/30/2006 3:46:34 PM
From: hank2010  Read Replies (1) of 78428
 
Fair enough, pardner. I'll take your word for it.

In terms of the blog - not knowing about the nugget effect shows inexperience of the blogger. Then check his arithmetic. he talks of a grid of 40m x 40m = 4000cm x 4000 cm = 16,000,000 square cm not 126,000 sq. cm and the 5 inch hole has an area of 123 sq cm.not 225.

therefore ratio is 130,081:1 not 560:1

Therefore I would be very wary of taking for granted that his figure of >5 million ounces is more accurate than the 43-101 report figure of 50,000 ounces.
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