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Message: In Ground Values

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Shrek-waving
dr
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In Ground Values

posted on Jun 05, 08 02:46PM

Just my simple calculation, assuming a threshold of .125 % WO3 Equivalent.

Measured & Indicated

199 Mio lbs W * 12 $ = 2.388 Billion $

75 Mio lbs Mo * 30 $ = 2.25 Billion $

Total M&I 4.638 Billion $

Inferred

88 Mio lbs W * 12 $ = 1.056 Billion $

44 Mio lbs Mo * 30 $ = 1.32 Billion $

Total Inferred 2.376 Billion $

Thats an In Ground Value of 4.5 Billion $. With a recovery of 80 %, it is about 3.5 Billion $.

Risk:

- I have no idea on costs.

- Metal prices are current. They could go down.

Any comments and corrections are highly appreciated.

dr



1 recommendations
# Title Rating Author / Date
2
Re: In Ground Values
Mikeer69
Jun 05, 08 06:52PM
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Re: In Ground Values
UNBgrad05
Jun 06, 08 07:51AM
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