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1.69% 5.8¢ reward minerals ltd

Ann: Lake Mackay - Drilling Programme , page-10

  1. stockanalyst1
    630 Posts.
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    13/10/09
    14:57
    Post #: 5771258
    I think the calculation of the resource is:

    2,250 km2 * 1,000,000 = 2,250x10^6 m2

    At a depth of 4 metres

    2,250x10^6 * 4 = 10,000x10^6 m3

    7 kg/m3 = 7x10^-3t/m3

    Resource = 7x10^-3 * 10,000x10^6 = 70x10^6

    That is a resource of 70 million tonnes SOP.
    RWD Price at posting: 59.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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