"The Dry Creek and West Tundra Flats (WTF) deposits at the Red Mountain VMS project already
deliver an Inferred Mineral Resource6 of 9.1 million tonnes @ 157g/t silver, 5.8% zinc, 2.6% lead and 0.9g/t gold for a grade of 13.2% ZnEq, or 609g/t AgEq. Of this total, the Dry Creek deposit contributes an Inferred Mineral Resource of 2.4 million tonnes @ 69g/t silver, 4.7% zinc, 1.9% lead and 0.4g/t gold for a grade of 8.8% ZnEq, or 406g/t AgEq."
This is frightening please check the figures.
The inground value of the Red Mountain Deposit is worth over US$ 3.5 billion.
The value of 5.8% Zinc =5.8*US$30.06=US$ 174.4 per tonne (@ US$ 30 per%)
9.1 million tons of ore =US$ 174.4*9.1 million ~ US$ 1,586 Million
or 9.1 million tons of ore= 9.1*5.8/100 tonnes of Zn =0.527 million tonnes of Zn
Zn @ ~US$ 3,000 per tonne, we get ~
0.527million tonne * US$ 3,000 per tonne = over US$ 1,500 million
Dyor
