ConceptualizedNetherlandr
Bronze Member
This is where things fall apart. Even if Jacob was working some mine somewhere ...
The supposed claim as to its content seems absurd.
Let us math this.
Density of quarts is 4466.7 pound per cubic yard.
Assume the vein has 1% gold (pretty rich right?) Comes out to 20 pounds per ton or 9072 grams per ton.
Forget about the volume of all that gold, and think about only the volume of quartz with it, the 99% by weight of the vein. For a million oz gold you need 1520 Cubic yards of quartz. And that is just to accommodate Waltz's "known reserves claim" of what he can see, forget buried parts and where it pinches out and all that. Consider an 18" vein and figure how much face he had to have exposed.
Go ahead and assume it was 10% on average, now we have 'only' 152 cubic yards of vein. Still a pretty big exposure. And that is just what is in sight? The shear magnitude of this and no one can find it?
Even if Jacob had a mine rich in gold, it was no million ounces he could see and catalog.
Color me skeptical about this part. If LDM exists it is some far lessor lode.
The supposed claim as to its content seems absurd.
Let us math this.
Density of quarts is 4466.7 pound per cubic yard.
Assume the vein has 1% gold (pretty rich right?) Comes out to 20 pounds per ton or 9072 grams per ton.
Forget about the volume of all that gold, and think about only the volume of quartz with it, the 99% by weight of the vein. For a million oz gold you need 1520 Cubic yards of quartz. And that is just to accommodate Waltz's "known reserves claim" of what he can see, forget buried parts and where it pinches out and all that. Consider an 18" vein and figure how much face he had to have exposed.
Go ahead and assume it was 10% on average, now we have 'only' 152 cubic yards of vein. Still a pretty big exposure. And that is just what is in sight? The shear magnitude of this and no one can find it?
Even if Jacob had a mine rich in gold, it was no million ounces he could see and catalog.
Color me skeptical about this part. If LDM exists it is some far lessor lode.
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