CNB 0.88% 56.5¢ carnaby resources limited

Take this with a grain of salt. Extremely oversimplified...

  1. 64 Posts.
    lightbulb Created with Sketch. 84
    Take this with a grain of salt. Extremely oversimplified calculations. And I have not tried something like this before. However, thought it would be interesting to compare the visuals with long section copper & downhole thickness for Nil Desp.

    Understand this completely ignores all mining costs, efficiencies, etc and would only be an estimation of copper under surface. Please correct these calculations where wrong.

    https://hotcopper.com.au/data/attachments/4841/4841375-cf3f00fcb66b4893f7b12b8eeb563afd.jpg

    Taking these areas, and the average of each interval (assuming all 10-20 is in the 5-10 range), there is a total of 17,166m3 of copper. (have subtracted each internal area from its surrounding larger area)

    https://hotcopper.com.au/data/attachments/4841/4841398-710fd04a396c418bdc45fe6bd82b8e90.jpg

    8.94 tonnes in each m3 of copper. This takes it to 153k Tonnes of copper.

    Using the current price of $10,610 AUD per tonne, a total estimated copper amount of $1,628,410,885 under surface.
 
watchlist Created with Sketch. Add CNB (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.