Copper equivalent for the 3M section in 17R (from 81M) 2% Cu...

Copper equivalent for the 3M section in 17R (from 81M)

2% Cu over it, 343 g/t Ag over it & 366 ppm Mo over it.

Mo sells @ 3 times the price of Cu per lb, so that adds 0.1% to the overall grade (that's what happens when Mo is only $6.5 a lb when it used to be in the 30's).

Silver works out at $252 per lb (14.583 troy ounces) which is 110.5 times the Cu price per lb. So the Ag adds 3.8% (343*110.5/10,000) to the overall grade.

So the 3M interval has a Cu equivalent grade of 5.9% (excluding any possible Zn or Pb credits).

So where we see the likes of 34 g/t Ag elsewhere at T3 that translates into a 0.38% increase in the headline Cu number if you want it in Cu equivalent.

LOTM