I was also doing the sums on this yesterday. but I can't work out your math here ... what weight are you using for each cubic metre? must be 12
450 * 50 * 5 * 12 * 3% = 40,500 tonnes (40kT) of Ni
old mate google has solid rock weighing 2.5-3 tonne
450 * 50 * 5 * 3 * 3% = 10kT of Ni.
10kT Ni + credits sounds more like it.
For comparison purposes only, MCR have a great Ni resource growing at Cassini. Down plunge and high grade yet is still currently 60kT. If Stricklands were to be anywhere near this then the market cap would be $200m+
Ann: Mt Alexander - Drilling Update, page-54
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SGQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.2¢ |
Change
0.003(10.3%) |
Mkt cap ! $34.83M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.4¢ | 3.1¢ | $317.7K | 9.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2354393 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 184787 | 2 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| SGQ (ASX) Chart |