BAD FRIDAY AFTERNOON MATHS BY AN AMATEUR KILLING TIME
150m x 50m area. (Information Provided on new target we waiting on)
3% Nickel Grade (previous result from other EM target)
1.88% Copper Grade (previous result from other EM target)
$5US/Pb Nickel (Why cant Americans convert to Metric system)
$3US/Pb Copper (No really why...)
Assume 95% Refine Efficiency (I have no idea... it seemed plausible)
Weight of Nickel 8880 per m3 (According to some lazy google search)
Weight of Copper 8960 per m3 (Seems legit....)
Length x Width x 1m x Grade x Refine Effiency x Weight per m3 x KG to PB Conversion x USD to AUD Conversion x price per pb = $AUD VALUE PER METER
150 x 50 x 1 x 0.03 x 0.95 x 8880 x 2.20 x 1.26 x 5 = $26,307,666 AUD per meter found in 150m x 50m area (Nickel)
150 x 50 x 1 x 0.0188 x 0.95 x 8960 x 2.20 x 1.26 x 3 = $9,980,797 AUD per meter found in 150m x 50m area (Copper)
$36,288,462 per meter of ore at grades %3Ni %1.8Cu found in a 150m x 50m area.
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Margin of Error -- Very High -- deposit could be shaped like a giant rock lobster for all we know...
The 3% / 1.8% grades (from the other hole) were disseminated though, if I recollect correctly.... Massive should yield higher grades id be guessing... That is a positive..
The conductor strength is stronger too... also a positive...
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The maths above why ??? Trying to work out what a meter of ore at similar grades value might be worth, in this new area.... and from that... getting an idea of how many meters might be needed to be intercepted to have a economical figure...
Anything 10m+ should be exciting.... if there is a big blob to cover the overhead of setup, the rest of the lower grade stuff around is gravy....
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No idea what value the above holds... even if its just a laugh....
K im out sailing... enjoy your weekend folks... HOLD TIGHT !!!!
and don't post drunk....
BUX Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
