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How much Gold is still in the open pit

  1. Bushblock
    73 Posts.
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    07/03/18
    19:03
    Post #: 31600060
    Been o estimating what gold value is in the final pit bottom 25m
    Total ore /t was indicated back in 2106 at 146,000/ t with pit bottom at 80m
    Dec 2017 ore/t mined was 84,367 /t for 55m depth
    Hence balance must be 36,633/t for 25m to pit bottom
    Assume g/t is higher in the bottom 25 m say 8g
    36,633/t ore at 8g/t = $118.4m
    How does this sound?
    ERL Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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