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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (35522)	7/20/2005 7:13:06 PM
From: E. Charters	Read Replies (2) \| Respond to of 39344

Well it is very easy to calculate tonnage. 140 KM of strike is approx 495,312 feet Conservatively its 32.08 feet wide, so that is 14,734,728.96 cu feet per foot depth. Most gold mines go to 10,000 feet deep, but seeing as it is close to the North Pole, it probably goes deeper, (12,000) so that would be 176,816,747,520 cu feet, approximately. That leaves only 14,734,728,960 tons of ore, but let's see if we can get by on that. At 0.5 ounces per ton, as most mines up there are very rich, we can see a total ounceage of 7,367,364,480 troy, without too much fear of rebuke. It should have a cash flow of about $3,153,231,997,440.00 US. Meagre but let's wait for some good drill holes. You never know where things like that can go. EC<:-}