something special..., page-41

re: something special t4p... T4P,

I'm throwing down the gauntlet to you. Either the market is wrong with TRO, or you are wrong when you state 10% in ground value...

Don't get me wrong, as stated before in other posts, I like your research, but I would like to put this "10% inground value" claim of yours to the test. At the end of the day the "market" has to agree with your "10%" or you need to stop making reference to it.

I'll make your research easy. Looking forward to your comments :-)


-------------T4P on MMB -----------

To be conservative, I will assume an average width of just 50m (ranges 0-200m), a depth of just 100m (we have this confirmed already) and a strike of 1km (already confirmed)

Summary: 1000m (strike) x 50m (width) x 100m (depth) = 5,000,000 m3…x 3.2 (sg) = 16,000,000 tonnes

Discounting the high grade results from the transported materials, and paying greater attention to the average grade of all test samples,we come up with the following potential parameters…

Cu @ .5% (recoverable) x 16m tonnes = 80,000t Cu = $800m
Ni @ .2% (recoverable) x 16m tonnes = 32,000t Ni = $1,088m
PGM's 4.5g/t (recoverable) = 2,314,800 oz (assume av $800/oz) = $1,855m
Silver?
Zinc?

Total in-situ value (recoverable) = $3,743m…or… $3.74 billion

An applied market value of 10%of inground (assuming an economic resource) gives us a market cap of $374m…or about $5.67 per share.


----------TRO Release-----------------

Tri Origin Minerals Ltd (“Tri Origin”) is pleased to announce its first JORC(1) compliant Measured, Indicated and Inferred resource estimate for the redevelopment of the Woodlawn Underground Project.
10.1Mt @ 1.8% Cu, 4.0% Pb, 10.2% Zn, 0.55 g/t Au, 85g/t Ag
This resource is the culmination of several months work and a significant outcome for the Company. It provides the potential for Tri Origin to be classified as an emerging producer and thereafter re-rated and comparable to existing zinc producers as it progresses towards its objective of recommencing mining operations within the Woodlawn mining lease (SML 20).
The resource estimate is part of the prefeasibility study for the redevelopment of the Woodlawn Underground Project located in southern NSW. The overall resource grade equates to 16.9% zinc equivalent (Zn Eqv). The resource (Table 1) has been independently estimated by SMG Consultants (SMGC) at a cutoff grade of 7% Zn Eqv

-----Quote from TRO's MD----BRR Interview---------

"$8.8 Billion Dollars, thats BILLION not MILLION of contained metal in the ground"