SIR sirius resources nl

how does sir's value compare to wsa? , page-24

  1. 37,911 Posts.
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    today, SIR released:

    15.42 metres @ 2.74% nickel, 1.09% copper and 0.09% cobalt, which is around 15.4 metres @ 7.5% copper equivalent

    35.56 metres @ 3.47% nickel, 1.44% copper and 0.1% cobalt, which is around 35.56 metres @ 9.5% copper equivalent

    now do your own homework; do the math

    example, 50m long x 50m wide x 25m thick x 2.8 SG x 8.5% grade = 15,000 tonnes of contained metal worth $121m in-situ or $18m of market cap at 15% valuation

    1km long of this = $360m in valuation
    100m wide of this = $720m valuation

    note: i am not supporting SIR, nor do i follow it closely; just showing methodology.



 
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