ST Alpha - "If it's beer maybe that's a rounding error, gold maybe not so much -- nm" (Reading a Post)

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In response to "oh fun. the auditors have questions about last year's audit that they signed off on, as well as questions about a 300 oz discrepancy between two " by mafic

If it's beer maybe that's a rounding error, gold maybe not so much -- nm

Posted by JD (aka Jason Dean) Feb 26 '24, 18:06

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Responses:

it's the difference between multiplying tonnes by grade at one decimal place and two. anyone who's doing this professionally should know that. - mafic Feb 26, 18:10 7
- $650,000 approx -- nm - zeitgeist Feb 26, 18:19 1
  - honestly no mine in the world knows how much gold is in their deposit within probably 10%. depending on size I usually round to the nearest 1000oz. - mafic Feb 26, 18:24
- That moment I realize Mafic is sitting on a literal gold mine. -- nm - David Feb 26, 18:15
- I get that it *sounds* like a lot, but it really isn't. -- nm - mafic Feb 26, 18:12 3
  - Definitely stick with that story. -- nm - Reagen Feb 26, 18:16 1
    - AND DON'T LOOK IN MY SHED -- nm - mafic Feb 26, 18:17
  - Oh. Tonnes and significant digits. It's a rounding error -- nm - JD Feb 26, 18:15

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