My quickcalculation:
31 holes – average 6 metres, average grade .22% COBALT
500 *800 metres approx. = 2,400,000cubic metres
*2.5 = 6,000,000tons
*.22% =13,200 tons Cobalt
* $30,000 per ton
= $396 million IN GROUND VALUE COBALT- APPROXIMATELY.
Look at half to extract it.
Value APPROXIMATELY, according to my rough calculations
In the vicinity of 200 MILLION US DOLLARS
*1.5 to convert to Aus dollars
VALUEAPPROX $ AU 300 MILLION.
Thoughts?
Ann: Quicksilver - Extensive Cobalt Demonstrates Potential, page-6
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