What is in in ground value ?
A first stab at numbers.
I remind all that last time I estimated between $330m and $2400m
we now need to adjust figures to take account of;
a) increase in grade due to bioleaching
b) increase in average section due to bioleaching making uneconomic grades economic, above and below mineralization.
c) increase in area of mineralization for same reason as b)
My new figures;
L 3000 m W 1500 m D 40 m Vol 180,000,000 m3 sg 3.30 Tonnage 594,000,000 total tons in ground grade average 15 g/ton price (av) 35 $/gm PGM 8,910,000,000 gms $ b 312 $b in ground Min 104 $b in ground assuming av grade = 5g/ton Max 936 $b in ground assuming av grade = 45g/ton
You do your own sums.
Last time down rampers agreed with my figures.
I think they will today also. That is after huffing and puffing.
What is in in ground value ?A first stab at numbers.I remind all...
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