My humble calculations in AUD and open pit mining. CTM 20,000 t Ni metal aspirations.
2,500,000 t ore × 1% Ni @ 80% recovery = 20,000 t Ni metal @ $23000 t = $460,000,000 gross revenue.
$460,000,000 ÷ $2,300 ounce gold = 200,000 ounces Au equivalent.
200,000 ounces x 31grams = 6,200,000 grams Au ÷ 2,500,000 t = 2.48 gpt Au.
Any goldie explorer with that speculative grade and tons with + 8 year mine life IMO, the market would value it at a $billion plus MC.
Ann: RIU Explorers' Conference Presentation, page-12
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