The report to ASX of 9th March gives results for only two samples of silver in the tailings dump:
22.20% fluorine, 8.60 g/t silver and 0.12% copper in sample I21007; and 26.00% fluorine, 165.00 g/t silver, 0.14% copper, 3.83% lead and 0.37% zinc in sample I21012.
Is that low, medium, or high concentration?
"The concentration of silver in U.S. deposits from which silver is economically minable as the principal product at 2001 silver prices was typically about four orders of magnitude greater than the crustal average, or about 700 g/t."
That was 2001, when silver prices were low - around $8 an ounce. The price today is $25.30 per ounce, so if the higher of the two samples continues at Ivittuut, then maybe there is a commercial source of silver there.
However, I shall wait to see the road literally paved in silver before buying.
EPM Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)