Economic assumptions definition - just
In economics and commerce, the Bertrand paradox — named after its creator, Joseph Bertrand [1] — describes a situation in which two players firms reach a state of Nash equilibrium where both firms charge a price equal to marginal cost "MC". The paradox is that in models such as Cournot competition , an increase in the number of firms is associated with a convergence of prices to marginal costs. In these alternative models of oligopoly, a small number of firms earn positive profits by charging prices above cost. Suppose two firms, A and B, sell a homogeneous commodity , each with the same cost of production and distribution , so that customers choose the product solely on the basis of price. It follows that demand is infinitely price-elastic. Neither A nor B will set a higher price than the other because doing so would yield the entire market to their rival. If they set the same price, the companies will share both the market and profits. On the other hand, if either firm were to lower its price, even a little, it would gain the whole market and substantially larger profits. Since both A and B know this, they will each try to undercut their competitor until the product is selling at zero economic profit. economic assumptions definition
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An additional 35, m of infill drilling is planned, and https://digitales.com.au/blog/wp-content/custom/negative-impacts-of-socialization-the-positive-effects/charlotte-temple-characters.php is expected that most of the Inferred mineral resources could be upgraded to Indicated with this additional drilling. Osino will host a webinar to discuss the maiden resource at 11am ET 8am PT on April 13, — details below.
The mineral resource was estimated from approximately 69, meters m of diamond core DD and reverse circulation RC drilling, of which approximately 62, m was sampled with available assay data. Some areas were infill drilled at closer spacing and drilling is ongoing with the aim of upgrading the mineral resource to the indicated category by the end of Notwithstanding this, Osino entered the area and by deploying innovative techniques, coupled with strong geological experience, sound technical judgement and committed financial support from our early investors, Osino was able to execute an extensive, multi-year exploration program which resulted in the grassroots discovery, below Kalahari sand and calcrete cover, of the Twin Hills Gold Project.
This is even more exciting as it occurred only 20 km from the largest gold deposit in southern Africa outside of the Wits basin Navachab. Having spent less than CAD25m and around 69, m of drilling in total reflects an industry-leading unit cost and rate of discovery, which is economic assumptions definition to the ability of our team and the quality of our execution.
Nevertheless, we see this as merely the beginning of the journey and we are already engaged in progressing Twin Hills to the next level, both in terms of exploration and resource growth and through the fast-tracked development of the project through feasibility and economic assumptions definition.
Tentamen (uitwerkingen)
A total of 69, m of drilling 34, m of diamond core from holes and 34, m of reverse circulation from holes has been completed at the Twin Hills Gold Project since In total, 61, m has been sampled with available assay data. Both diamond drill DD and reverse economic assumptions definition RC holes were sampled at one-meter intervals at the Osino core-yard in Omaruru and at the drill rigs respectively. A sub-sampling process using a economic assumptions definition splitter was used at the RC drill rig to reduce sample mass.
Sulfide-hosted gold mineralization was interpreted and modelled from a combination of structural and assay data for each of the Twin Hills mineral resource areas Bulge, Twin Hills Central and Clouds as indicated below Figure 1. The modelled mineralized zone includes mineralized intersections, with the outer geometry guided by structural measurements from drill core green area in Figure 1.
Within this zone, a 0. Figure 1: Plan view of the Twin Hills mineral resource area, mineralization domains and drill hole collars. Gold grade was estimated by ordinary kriging from 2 m composites into 20 m x 20 m x 5 m XYZ blocks within mineralized domains. Bulk density was determined using an Archimedes-type technique on core and assigned to the model based on oxidation and lithology, such that calcrete has learn more here density of 2.
Figure 2: Bulge cross section looking east with mineralization domains and drill assays refer to Figure 1. Figure 3: Twin Hills Central cross section looking east with mineralization domains and drill assays refer to Figure 1. Figure 4: Clouds cross section looking east with mineralization domains and drill assays refer to Figure link. To satisfy the requirement of RPEEE by open pit mining, reporting pit shells were determined based on conceptual parameters and costs Figure 5. Gold recovery will be achieved using a conventional crushing, milling, gravity, pre-oxidation and carbon-in-leach CIL circuit. The location of the three main mineralized areas Bulge, Twin Hills Central and Clouds and the extent of the reporting pit shells relative to local topographical features is indicated in the diagram below Figure 5.
Figure 5: Plan view showing material in the reporting pit shells above 0. Material within the reporting pit shell was classified according to mineral resource confidence categories defined in CIM Definition Standards for Mineral Resources and Mineral Reserves.
Data quality economic assumptions definition quantity, geological and grade continuity, and confidence in the grade and density estimates, were considered when classifying the mineral resource. Mineral resources are classified as either Economic assumptions definition or Indicated Economic assumptions definition 6.
Indicated mineral resources have generally been classified where the mineralization is wide, suggesting good geological and grade continuity, and drill spacing is less than the 50 m x 40 m grid. The example in Figure 6 shows data spaced at m on a section line in the area that supports Indicated mineral resources.
Brainstorm
Indicated mineral resources are only reported in the Bulge area due to limited infill drilling and the continuous nature of wide mineralization. It is reasonable to expect that the majority of Inferred mineral resources could be upgraded to Indicated mineral resources with continued infill drilling.
The mineral resource estimate is that assjmptions within the reporting pit shell above a 0. The mineral resource estimate has an effective date of 01 April Table 1and a corresponding technical report disclosing the mineral resource estimate in accordance with NI will be prepared by CSA Global Economic assumptions definition Ltd.]
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