I just figured out what makes the Bao guy hang so
Post# of 8054
I just figured out what makes the Bao guy hang so close to the drill rig.. Pure iron, like the stuff coming out of our holes weighs between 450 and 490#s per cubic foot. Multiply that times 27 to get the weight per cubic yard, and it comes out to over 6 tons by weight per cubic yard! We may be sitting on top of an iron El Dorada imo.. If the honey hole is only 500 yds by 500 yds by 80yds deep we are talking 120 million tons of pure iron, probably worth 5 billion after taxes and expenses No wonder the boss is second guessing on whether the other claims will ever be touched.. Happy dance going on in my computer room!!! LOL!