Just as a rough comparison you may be surprised by the hypothetical calculations.
If for arguments sake, we say LIN's resource potential is 1km wide by 1km in length and 1 km deep we could say it verges on 1 billion tons of ore. Adjusting for 50% mineralization we could say ~500mt at a grade of ~3% TREO.
Now MEI's resource potential is 2.5km by 1km by ~20m deep times 20 prospects (It is 30 prospects, but I am adjusting for size variation) it also verges on 1 billion tons of ore. Again, adjusting for 50% mineralization we could say ~500mt at a grade of ~3% TREO.
These are very rough calculations and assumptions, but you can see why people are excited about both projects.
Just as a rough comparison you may be surprised by the...
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11.0¢ |
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Mkt cap ! $126.8M | |||
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