RNX 0.00% 0.9¢ renegade exploration limited

baaaaaaang, page-4

  1. 182 Posts.
    nathan, just checking my maths with yours:

    OVR's zinc:

    11MT at 6.8% zinc equivalent (using 14th Feb LME prices)

    11M * 0.068 = 748,000 tonnes of zinc equivalent

    1 tonne = 2204.63 pounds

    748,000 tonnes = 1,649,063,240 pounds of zinc equivalent

    OVR has a 90% interest, thus has 1,484,156,196 or 1.48 billion pounds of zinc equivalent.

    Assuming an 80% recovery rate = 1,187,325,533 pounds of recoverable zinc equivalent.

 
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