So doing some calculations on these estimates.
IF they have 30 million tonnes at 1% Cu we are looking at roughly $2 Billion worth of copper.
IF they have 8g/t Ag then roughly $200 million worth of Silver.
Of course there are huge costs in getting that out of the ground and there is really only approx 7 million tonnes of current resource estimated at this stage. The bulk is estimations on the extensions of the current known zones.
Too much guess work to get too excited at this stage but we are stepping in the right direction at least.
- Forums
- ASX - By Stock
- RMG
- copper exploration target established in chile
copper exploration target established in chile, page-2
-
- There are more pages in this discussion • 1 more message 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 RMG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online