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

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To: marcos who wrote (51797)	11/2/2007 10:39:56 AM
From: loantech	Read Replies (1) of 78424

KTN ON THE MOVE:KTN - V 0.3 1.29 · 1.30 5.5 1.29 +0.06 +4.9 % Marcos please review the following. May contain many errors. <G> Results pending for Promontorio. It only took 26 drill holes to produce this 1973 non 43-101 compliant resource: A feasibility study was prepared in 1973, with an ore reserve estimated at 384,000 metric tons grading 0.12% Cu, 2.80% Pb, 1.74%, Zn, 367 g/t Ag and 1.5 g/t Au, to a depth of 100 m below the floor of the open cut.-------- I just did a back of the envelope calculation on silver gram per ton equivalent and about knocked myself off the chair! This is a rough number based upon this mornings metals prices and using 2204 lbs per ton. Those 26 drill holes must have averaged 799 grams per ton silver equivalent to forecast the reserve estimate. The video I linked earlier says that those drill holes averaged up to 20 meters of 1000 + gram per ton silver. Marcos I am counting on you to tell us what is wrong with this picture and my math.

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