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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (129144)	8/23/2008 3:33:31 PM
From: loantech	Read Replies (2) \| Respond to of 313013

Claude I hope you are right. Of course 50,000 tons times 16 ounces to the ton and about $100.00 dollars per ounce extraction costs (kye says maybe lower) you would have 800,000 ounces of very profitable gold. <The Golden Wonder vein is not a single vein, but a multiple vein system comprised of a number of en echelon veins, both in the vertical and horizontal dimensions. Additional mineralized veins have been encountered on the sixth level of the mine with widths ranging up to four feet.> <In the upper levels of the mine, the vein is mainly a single continuous vein of non-uniform width, ranging from a few inches to more than 5.5 feet in width.> <In the interval extending from the No. 3 level to a depth of 53 feet, the vein varies in width from three feet to five feet> <On the sixth level, several additional mineralized veins have been encountered in addition to the Golden Wonder vein system with widths ranging up to four feet.> I like this part: <The tenor of the ore increased dramatically from the third to the fourth levels of the mine (from 0.5 ounces of gold per ton to 4.2 ounces of gold per ton). Sampling of the vein exposed on the fifth level demonstrated very high grade gold mineralization, comparable to that which exists on the fourth level of the mine and sampling of the vein exposed on the sixth level showed assay values ranging from minimal to 39.0 ounces of gold per ton> Level Gold (oz/t) Silver (oz/t) Second 0.46 1.06 0.51 3.37 1.80 2.80 0.12 0.79 0.30 0.70 1.02 1.49 Third 0.49 1.00 1.00 4.30 0.56 8.14 0.10 4.06 0.73 3.37 2.20 2.16 Fourth 0.56 7.64 0.59 12.14 4.20 1.96 8.66 1.22 3.88 13.22 11.40 7.40 6.50 12.56 12.00 9.74 25.20 16.40 29.60 9.30 42.20 9.90 Assuming 12-16 ounces to the ton and widths of 2-3 ft would it take a lot of feet of intercepted veins to get to 50,000 tons?