Australia's largest stock trading and investment forum Australia's #1 stock forum

WRM

Click for more information

0.00%

6.3¢ white rock minerals limited

Very good, didn't realise they already had an inferred resource....

First 29 Last

Share
Profile

Follow
Bmw953

92 Posts.

4

03/10/21

08:22

Post #: 56526200
Share

Originally posted by stelios: ↑
"The Dry Creek and West Tundra Flats (WTF) deposits at the Red Mountain VMS project already
deliver an Inferred Mineral Resource6 of 9.1 million tonnes @ 157g/t silver, 5.8% zinc, 2.6% lead and 0.9g/t gold for a grade of 13.2% ZnEq, or 609g/t AgEq. Of this total, the Dry Creek deposit contributes an Inferred Mineral Resource of 2.4 million tonnes @ 69g/t silver, 4.7% zinc, 1.9% lead and 0.4g/t gold for a grade of 8.8% ZnEq, or 406g/t AgEq."

This is frightening please check the figures.
The inground value of the Red Mountain Deposit is worth over US$ 3.5 billion.
The value of 5.8% Zinc =5.8*US$30.06=US$ 174.4 per tonne (@ US$ 30 per%)
9.1 million tons of ore =US$ 174.4*9.1 million ~ US$ 1,586 Million

or 9.1 million tons of ore= 9.1*5.8/100 tonnes of Zn =0.527 million tonnes of Zn
Zn @ ~US$ 3,000 per tonne, we get ~
0.527million tonne * US$ 3,000 per tonne = over US$ 1,500 million

Dyor
Expand
Very good, didn't realise they already had an inferred resource. which doesn't take into account the latest drill hole?

any ideas on size including the latest hole?

well done on the spreadsheet!

WRM Price at posting: 28.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Talking Australia's very competitive property landscape: Realty Talks

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

AI stocks: What to expect in 2024-25

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

MCT

Metalicity looking for offers on Admiral Bay zinc project

There are more pages in this discussion • 10 more messages in this thread...

First 29 Last

Add WRM (ASX) to my watchlist