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Ann: First RC Assays Show Broad Zones of Mineralisation, page-31

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Tcb007

20,642 Posts.

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14/11/23

20:14

Post #: 70900213
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Originally posted by jeremy8888 ↑

Thought it would be some fun while we wait for more results to have a go at valuations.
A few assumptions made for the current drilling area:-

Size 2500 x 1000 x 260 = 650,000 m3
take a density of 2.8 to get to tonnage - 1,820 mt ore
0.2% Nickel as a lowish average -> 3.64 mT Ni
Extraction % - hard one here - lets go low and take only 10% -> 360,000 T Ni
Current price is around 1800USD /T -> 6,552 M USD
Convert to AUD -> 10,272 M AUD
Take 10% of NPV as a rough guide -> 1,027 M AUD
SOI 65,551,831 - might be a few out here -> share price around 164 AUD give or take!!!! (NO COSTS)

Only question remains is how much will it cost to extract - any takes on a cost per tonne then we can get to a better number....

And if there are glaring errors please correct me as I am not an expert by any means... but its all good fun to try.

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WMG Price at posting: 28.0¢ Sentiment: None Disclosure: Not Held
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Ann: First RC Assays Show Broad Zones of Mineralisation, page-31

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Ann: First RC Assays Show Broad Zones of Mineralisation, page-31

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

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