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I don't know why everyone is getting hung up on the copper grades. As per the RNs if I read it correctly...... We likely have a gold mine with additional copper NOT a copper mine with additional gold. That's my view.
I'm wondering how the gold grades will effect the copper equivalent? I assume high gold grades will reduce the amount of tonnage we need? We have already doubled the known resource. With width extended and higher gold grades we could meet AA buy back target.
Correct Ella. The mineralization picked up again and then faded out which was when they decided to stop. That section was grading 0.5/0.6 on the xrf. That was a good result past the original length. I am wondering why we haven't had XRF results for the main section and I have an image of the geologist banging the XRF machine thinking it's not working properly as it's showing 2% CU...... Lol
So as per John's calculations we need approximately 430m of width to reach AA buy back. I wonder if we will get a new drill hole to test if we have skipped over the top of it and it goes deeper still? We may also need less tonnage if grades are good. All in all I really think we could hit AA buy back option and get 40p SP. Fingers crossed.
I've just done some quick calcs and worked out we need the cigar to have an average diameter of 450m. 940m long by an average of 450m diameter, times that by 3 for tonnage and we get 448,000,000 approximately. If the grade is more than .44 then we would need less. I'm no mathematician, just entertaining myself so I can get a feel for what drill 2 needs to show. Happy to be corrected.