Need help - How to figure about .75 cents per square foot of bedrock. Thanks

[johnnysau]

It was in the mid 1930s when gold was about 35.00 dollars an oz.


Thanks johnnysau

 

[Nitric]

I have no clue. I'm not sure what your actually looking for...But I'm going to take a try at it...

spot is about $1254.40 right now.

About $26.88 per square foot...

$35 divided by .75 = 46.66 (parts of Gold per SQ FT )... 1254.40 divided by 46.667= 26.88

Hopefully, if I did that wrong someone will chime in....I think I did it right. It's been a while and I'm a little rusty. I'm using the same type of thinking along the lines of scrap. I've never had to figure gold in the ground...I'm guessing it's the same idea..

 

[et1955]

Correction 26.858360979 per square ft., price of gold changed to 1253.39, up and down it keeps going, lets hope it goes up.

 

[winners58]

1254 x .75 / 35 = 26.87...

1253.40 x .75 / 35 =26.85...

is that 0.86g per sq ft that's pretty good gold

 

[goldog]

You're in the right ballpark. I got approximately the same.