tag:blogger.com,1999:blog-6272793377504221569.post1092998710266892684..comments2024-02-05T00:42:53.074-08:00Comments on Angry Geologist: Metal Equivalents BSThe Angry Geologisthttp://www.blogger.com/profile/04955645007432969022noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6272793377504221569.post-55151826634473742882019-11-12T02:59:10.820-08:002019-11-12T02:59:10.820-08:00Chief, another problem is this one, when calculati...Chief, another problem is this one, when calculating the equivalent grades, why not use the price of the metal after having considered the mining costs and processing costs as well as the necessary royalties. Remember that one metal may be cheaper to process than another, so if you do you financials based on that, you will essentially be overvaluing your project. Anonymoushttps://www.blogger.com/profile/06290494505686408990noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-12659343246243808022019-07-08T17:00:17.103-07:002019-07-08T17:00:17.103-07:00The post was highlighting the trend for companies ...The post was highlighting the trend for companies to include multiple metals when producing an equivalent grade.<br /><br />There are many mines that include everything when it is obvious that many of the minor metals won't be recovered in sufficient amounts to be payable, or cover the processing costs.<br /><br />In my opinion, if a company wants to use >2 metals to use an equivalent grade for their resources, then they need to have done initial metallurgical studies to show that each metal can be recovered in sufficient amounts to contribute economically to the project, not be a mathematical exercise to scrape enough metals together to come up with a high enough BS equivalent grade to paper over the fact that the project is crap and uneconomic<br /><br />The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-9302376082403311852019-06-24T11:48:26.200-07:002019-06-24T11:48:26.200-07:00Who is "Angry Geologist" and what are hi...Who is "Angry Geologist" and what are his/her credentials? Who writes this stuff? This is not only insulting but erroneous. No one uses 100% recovery. That number is OK for in situ resource estimation, however any legitimate estimate accounts for dilution, losses in processing, process methods, densities, etc. Rockdochttps://www.blogger.com/profile/02117840918115439114noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-6033461597021238512016-08-22T08:00:50.172-07:002016-08-22T08:00:50.172-07:00Copper equivalent grades are calculated using a go...Copper equivalent grades are calculated using a gold conversion factor of 0.89, determined using copper<br />price of US$2.20/pound and gold price of US$1350/ounce. <br /><br />Does this sound like a reasonable equivalency estimate?<br /><br />They don't specify so I'm assuming 100% recovery is also assumed in this case?<br /><br />The price assumptions don't sound too wild to me, but I can't say I understand the gold conversion factor part.<br /><br />This from Solgold's latest announcement regarding their Cascabel project btw.Exuperyhttps://www.blogger.com/profile/11970449870428166411noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-25675661036405591282016-06-15T16:17:22.246-07:002016-06-15T16:17:22.246-07:00Hardy Har Har says we. Amazing how humble and cont...Hardy Har Har says we. Amazing how humble and contrite these types can be when their chit is put to them eh?<br /><br />Interested types can peruse my other efforts ...<br />http://canadastockjournal.blogspot.ca/<br />http://globalminer.blogspot.ca/Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-2896257523216690102016-06-15T10:33:14.795-07:002016-06-15T10:33:14.795-07:00Here is the feedback from Southern Silver
I had a ...Here is the feedback from Southern Silver<br />I had a look at your comment and you are correct the contained metals and by extension the AgEq values were calculated using 100% recoveries. There does seem to be an error in point four of the table in that the recoveries were used to determine the cut-offs but were not used to determine the contained metal and by extension the AgEq.<br /> <br />We will fix that up in the presentation and future distribution.<br />The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-43794281814897731432016-06-13T10:40:52.694-07:002016-06-13T10:40:52.694-07:00thanks Angry Geologist for this helpful article. ...thanks Angry Geologist for this helpful article. Its definitely nice to see what tricks these guys are up to and how to spot them in the future. much appreciated!!Anonymoushttps://www.blogger.com/profile/12220985237641283288noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-89204071498291691762016-06-12T07:15:38.131-07:002016-06-12T07:15:38.131-07:00Couldn't help sending an e-mail to these dopes...Couldn't help sending an e-mail to these dopes. Perhaps a light shining under this icky, slimy rock will help eh?<br /><br />"ir@mnxltd.com, info@mnxltd.com<br /><br />A recent post at http://angrygeologist.blogspot.ca/ points out with extreme clarity that you idiots are pulling the public's penis with extreme gusto.<br /><br />Questions.<br /><br />1) Who the fuk do you crooked MFers think you're fooling?<br /><br />2) Are you azzholes under the assumption everyone is stupid?<br /><br />3) Are you dopes as bent as you obvious are?"<br /><br />Another excellent effort that assists even us old jaded basterd types that have seen this BS scammery from Venture scumbags for many years. http://pennystockjournal.blogspot.ca/Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.com