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Ann: Omnia Engages Canadian Geoscience Consultants, page-483

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LST123

3,560 Posts.

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21/03/23

09:46

Post #: 66872812
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Originally posted by westy9: ↑

Here's a back of the envelope estimate of Senay 5

Just to be super conservative, we'll assume an 80m depth, average width is like 300m, and let's say a 2000m strike. We'll chuck on a 25% discount to seal the deal, and for inconsistent zoning or something. For reference, the spodumene-quartz zone of the Whabouchi deposit makes up more than 90% of the pegmatite cross section.

2000m length x 300m width x 80m depth x 2.65 t/m3

Base case 95.4Mt body, at whatever degree of mineralisation is found. Could easily be deeper than 80m.

6c options look lovely don't they.

Cheers

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Thanks Westy, that's an impressive set of numbers. Using the 2024 estimates of $4200 per tonne that's an in ground value of $400,680,000,000

OM1 Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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