SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (3874)5/29/1998 10:13:00 PM
From: Yoav Chudnoff  Read Replies (1) | Respond to of 34075
 
Thank you for your thoughtfulness - - - it helps me get a better understanding of the methods being used.



To: Claude Cormier who wrote (3874)5/29/1998 11:19:00 PM
From: Cytotekk  Read Replies (2) | Respond to of 34075
 
Claude,

Thank you for such a thorough, lengthy explanation. I am exhausted just reading it! I hope your fingers can fly. Were you ever a college professor??

Good Sleeping to all on this thread.

Colleen



To: Claude Cormier who wrote (3874)5/29/1998 11:47:00 PM
From: CIMA  Read Replies (1) | Respond to of 34075
 
Thanks for the time and effort on the response Claude.



To: Claude Cormier who wrote (3874)5/30/1998 12:19:00 AM
From: Ironyman  Read Replies (3) | Respond to of 34075
 
Claude,,, I can tell you for fact,,,,AN AUGER DOESN"T WORK in stream bed alluvial deposits. Those bleeping round rocks get stuck in the blades and the boulders just jamb the whole thing until the hydraulic pressure builds up, then the pressure b-ipass cuts in or the engine stalls.

" Placer is different " ........Claude,,,,I would like to get you into the field for a week.......Everything that you never thought of goes wrong!



To: Claude Cormier who wrote (3874)5/30/1998 1:31:00 AM
From: Douglas Lapp  Read Replies (1) | Respond to of 34075
 
Thank you Claude, much appreciated.




To: Claude Cormier who wrote (3874)5/30/1998 2:27:00 PM
From: Diamond Daze  Read Replies (1) | Respond to of 34075
 
That was very informative and thank you. I would like to know where you came up with the 8 gram per ton ?? or was that just for calculations only . They only per ton calculation I could seem to find was 1.7 grams per ton....and lets not forget that 8 grams a ton is not low grade . So if we use your calculations and I know grab samples are always high ...so lets give Guido 1 gpt of the grade ( be conservative )
<<If we now consider the proven (measured) resource of 6M ounces, we need much less tonnage or cubic meters. At the same grade, 13,000,000 cubic meters will do the job... or a block measuring 1000 meters in lenght, 450 meters in width and 29 meters in depth. Such a block would need some 20,000 assays to define it has containing 6M ounces of gold. This is the equivalent of some 700 drill holes to a depth of 30 meters....a program that would cost several millions. >>
So that would change the 13,000,000 to 104,000,000 cubic meters...
and change the block from 1000 to 8000 meters long from 450 wide to 3600 meters in width ???? So now Guido says 80 mill...how big a block would that be ??? 110 mill oz ??? how big would that be ????
Well I am sure that way more gold exists in Mount Everest....just try
to get it out economically....waiting for the report and the " dreaded nugget effect " Cheers



To: Claude Cormier who wrote (3874)5/31/1998 1:16:00 AM
From: RMF  Read Replies (3) | Respond to of 34075
 
Claude,

Just one question...

If you were president of this company and you knew all of the numbers coming out were absolutely accurate, do you think it would be trading at the current price?