G88 golden mile resources ltd
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My quickcalculation: 31 holes – average 6 metres, average grade...

  1. bluebird
    1,143 Posts.
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    01/02/24
    11:17
    Post #: 72180823


    My quickcalculation:

    31 holes – average 6 metres, average grade .22% COBALT


    500 *800 metres approx. = 2,400,000cubic metres


    *2.5 = 6,000,000tons


    *.22% =13,200 tons Cobalt


    * $30,000 per ton


    = $396 million IN GROUND VALUE COBALT- APPROXIMATELY.


    Look at half to extract it.


    Value APPROXIMATELY, according to my rough calculations


    In the vicinity of 200 MILLION US DOLLARS


    *1.5 to convert to Aus dollars


    VALUEAPPROX $ AU 300 MILLION.


    Thoughts?
    G88 Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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