Morning All - I did a few updates to my simplistic excel model of the area based on the new results we've just received and a few corrections that may have been skewing my old numbers. Also, as another poster kindly pointed out the conversion I had from metres cubed to tonnes was extremely conservative (at a 1.3 factor) and instead something like a 3 times factor is more appropriate for what we are dealing with - this obviously makes a huge different to the numbers. All the same caveats from my previous post about my model still apply. We've got 3 lines of drill holes (covering an area of about 150m south to north), and they are across a width of approximately 500m (though not all rows drilled the entire 500m width), thus the area being considered is approximately a 150x500m grid. Current estimated values of each metal as below (commodity prices used are still as of the 4th August):
- Palladium - $215,867,092
- Platinum - $17,122,698
- Gold - $10,822,962
- Rhodium - $19,140,622
- Copper - $59,859,295
- Nickel - $187,853,800
- Total - $510,657,469
The total tonnage ends up at just over 2 million tonnes of ore. If we extrapolate the above values out to the north 1 km (assuming a consistent mineralisation) then we're looking at a potential $3.4 Billion AUD of in-ground resource per kilometre.
Usual caveats apply - This is a simplistic model, I take no responsibility for the accuracy of it, and encourage everyone to DYOR.
- Forums
- ASX - By Stock
- GAL
- Ann: Callisto Exploration Update, Diamond Drilling Begins
Ann: Callisto Exploration Update, Diamond Drilling Begins, page-103
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GAL (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.61M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.0¢ | $17.23K | 106.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19999 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 10950 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19999 | 0.160 |
4 | 119397 | 0.155 |
4 | 124513 | 0.150 |
1 | 4000 | 0.130 |
4 | 167309 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 22900 | 2 |
0.180 | 80790 | 2 |
0.185 | 79998 | 1 |
0.190 | 20879 | 1 |
0.195 | 157867 | 1 |
Last trade - 14.40pm 13/09/2024 (20 minute delay) ? |
Featured News
GAL (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online