HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Interested to know a bit more about how to estimate value

Franz,

Obviously you can calculate the cubic meters or yards (the volume), but to calculate tonnage, you have to know what the standard weight of a particluar ore is per cubic meter or yard, i.e., the density. I posted my calculations a while back in respnse to a post by MiningJunkie.

I used the desnsity of copper ore. You can get valuable information, such as the chart below, form this website. Regards, B.

 http://www.mininglife.com/Miner/general/Density.htm

Material Specific Gravity Tons / Cubic Yard
Andesite 2.5 - 2.8 2.11 - 2.36
Basalt/Traprock 2.8 - 3.0 2.36 - 2.53
Coal - Anthracite 1.3 1.08
Coal - Bituminous 1.1 - 1.4 0.92 - 1.18
Copper Ore 2 1.89
Diabase 2.6 - 3.0 2.19 - 2.53
Diorite 2.8 - 3.0 2.36 - 2.53
Dolomite 2.8 - 2.9 2.36 - 2.44
Earth (dry) 1.6 - 1.8 1.35 - 1.52
Earth (wet) 2 1.6875
Gneiss 2.6 - 2.9 2.19 - 2.44
Granite 2.6 - 2.7 2.19 - 2.28
Gypsum 2.3 - 2.8 1.94 - 2.36
Iron Ore 4.5 - 5.3 3.79 - 4.47
Lead Ore (Galena) 7.5 6.21
Limestone 2.3 - 2.7 1.94 - 2.28
Marble 2.4 - 2.7 2.02 - 2.28
Mica, schist 2.5 - 2.9 2.09 - 2.43
Quartzite 2.6 - 2.8 2.19 - 2.36
Rhyolite 2.4 - 2.6 2.02 - 2.19
Rock Salt 2.5 - 2.6 2.11 - 2.19
Sandstone 2.2 - 2.8 1.85 - 2.36
Shale 2.4 - 2.8 2.02 - 2.36
Slate 2.7 - 2.8 2.28 - 2.36
Talc 2.6 - 2.8 2.19 - 2.36

Density (in lb/cu ft.) = SG X 62.4

Density (SI units) = SG X Density of water
(1.0 g/cc or 1000 kg/cubic metre

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