I believe Mt Keith is 2.4km long and 1.4km wide with a depth of 300m.
There was an old post by Geo that stated if we found a large deposit the size of 1km by 1km by 200m deep and using 2.7 for the specific gravity we end up at
1,000x1000x200x2.7 is 540 million tonnes.
If grading say 0.4% overall including any credits then that is 2.16m tonnes of nickel.
Using a lower figure say USD $17,000 a tonne or say AUD $25,000, I calculated it to be over $54b in ground value.
Happy to be corrected though if I got that large number wrong as it seems a dream!
Ann: MTD023 - Extensive Mineralised System at Mulga Tank, page-58
-
- There are more pages in this discussion • 41 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 WMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.0¢ |
Change
0.050(18.5%) |
Mkt cap ! $25.88M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 32.0¢ | 27.0¢ | $47.33K | 161.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 1233 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WMG (ASX) Chart |