Jack: according to some information I received from Russel Twiford, the Weaver Creek property has an estimate 100,000,000 ton of ores to a depth of 10 Feet. At the center of the property this layer goes down to 513 feet, but there is no accurate assaying of the property and thus mineralization values are probably inconclusive. They have taken several hundred tons and processed them (apparantly at the Hassayampa site), and they recovered excellent values (comparable to what they are recovering at Hassayampa if not higher). However, we should realize that when you go in and take a sample like that, if you know what you are doing, you pick up ores that seem richer, and until we get a statistically meaningfull assay of the property, I would not go and estimate the value of the company based on this tonnage and the value per tons, since who knows how homogeneous this property is. I think we get an awesome valuation just based on Hassayampa, at least from where we are right now. Once this becomes a priority, I am sure they will assay the Weaver Creek in a controlled fashion and let us know how filthy rich we all are.
Zeev
Crystal ball not scintilating yet, but fluorescing. |
