Vince, how much you think the placer properties might be worth?
I believe a fair price would be in excess of $10 million.
"Historical information, dating back to the year 1742, indicates it to be some of the richest grounds in Chile. One period of production processed 300,000 cubic meters (392,000 cubic yards) of material with an average recovery of 0.6 grams of gold per cubic meter (0.014 ounces of gold per cubic yard). Testing by the property owner in 1996, using a retroexcavator, achieved a greater penetration into the pay zone. A descent of 21.8 meters (24 yards) into the gold zone produced recoveries of 1.5 to 2.9 grams of gold per cubic meter (1.14 to 2.90 grams per cubic yard).
The mineral reserves are expected to exceed 100,000,000 cubic meters (130,800,000 cubic yards). The gold zones on the first property are composed mainly of alluvial glacial deposits with yield zones 60 meters thick and 350 meters wide (66 yards x 385 yards). The strike length of this deposit is 10 kilometers (6 miles). The second property has a yield zone of 10 meters thick, 120 meters wide (11 yards x 132 yards) and a strike length of 10 kilometers (6 miles)."
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