@wassa@speculator101 Obviously the entire MRE won't make it into the LOM, and I haven't taken recovery % into consideration, but this is just a few calculations to further add some context into the mind blowing potential value of the Federation Project. This was compiled using the scoping study MRE released in July last year and last quarters commodities group sale price.
Lead @ 5.5% = 280,500 tons x $3,180 = $1,058,046,000 Zinc @ 9.3% = 474,300 tons x $5,957 = $2,548,888,200 Gold @ 0.9gt = 147,588 ounces x $2520 = $371,921,760 Silver @ 7gt = 1,147,909 ounces x 35.70 = $40,980,385 Copper @ 0.3% = 1,530 tons x $14,123 = $21,608,190
Total = $4,041,444,535
5,100,000 x 8gt gold equivalent = 1,311,897 ounces x $2520 = $3,305,980,707 5,100,000 x 9gt gold equivalent = 1,475,884 ounces x $2520 = $3,719,228,295
The projects NPV is actually sitting above a gold equivalent price of 9gt!!!
9gt gold equivalent At current gold price of $2660 = $3,925,851,440
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