any geologist able to comment on the possible resource we may be sitting on?
from my calculations 1200 x 500 x 350 (assumed depth based on the drill hole depth provided, over 400m seems low grade) = 210 million tonnes
specific gravity of 4.5 (copper is around 9 and moly higher), but since grades of copper equivalent itself it around 3-6% I would assume 4.5 for specific gravity.
so 210 million x 4.5 = 945 million tonnes x 3% average grade (we do have as high as 6%, but looks like averaging 3%) = 28.35 million tonnes equivalent of copper? or at current prices and recovery of say 80% about - $181 billion of value in ground.
disclaimer - I am just doing a rough calculation and by no means an expert, just estimating what we may have, any experts care to check the numbers above.
- Forums
- ASX - By Stock
- EVR
- Ann: Copper Projects Update - Peru
Ann: Copper Projects Update - Peru, page-8
-
- 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 EVR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.585M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $94 | 20.42K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 6652944 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3227406 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 6652944 | 0.004 |
17 | 12250000 | 0.003 |
9 | 8744963 | 0.002 |
6 | 14268004 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3227406 | 10 |
0.006 | 5856945 | 11 |
0.007 | 7685000 | 11 |
0.008 | 1715519 | 5 |
0.009 | 1405600 | 4 |
Last trade - 15.25pm 03/10/2024 (20 minute delay) ? |
Featured News
EVR (ASX) Chart |