hey sinic, what i I found interesting is the silver to oz number...

hey sinic,

what i I found interesting is the silver to oz number they used was about spot on, but I can’t find where they published the calculation results?

here is the formula they used, would be interested to know the difference between owe brothers in arms (don’t say fight club) and what pmy used!

The contained metal equivalence formula is made on the following assumptions based on historical metallurgical work included in a Pre-Feasibility Study (ASX: PMY Announcement 26 March 2019) and modified by more recent metallurgical testwork results (ASX: PMY Announcement 17 July 2019), and on the published London Metal Exchange closing metal prices of 9 August 2019.• Lead Price US$ 2,086/t• Silver Price US$ 0.546/g (US$16.975/oz)• Lead recoverable to concentrate 91%• Silver recoverable to concentrate 90%It is Pacifico’s opinion that all elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold. The formula used to calculate lead equivalent grade is:Lead equivalent grade Pb% = Grade Pb % x (((Grade % Pb x recoverable % Pb x price US$ per tonne Pb metal / 10,000) + (grade g/t Ag x recoverable % Ag x price US$/g)) / (Grade % Pb x recoverable % Pb x price US$ per tonne Pb metal / 10,000))