Just thought i would do a rough figure on the inferred reasoure size and in ground value.
Given a base volume on 30m thick 200m deep and 300m in length will equal.
300 x 200 x 30 = 1,800,000 meters'3
With the pegmatite comprises of only a few minerals averaging percentage and the spec gravity.
Feldspar/albite 70% 2.6g'cc
Spodumene 20% 3.1g'cc
Quartz 5% 2.7g'cc
Other 5% --
Spec gravity x volume = 4,860,000 tons
Now give the metallurgical test work results to give an idea of value.
Priced at Spodumene concentrate price of approximately $900
Bad 80% recovery %5 concentrate.
Excellent 93% recovery %7 concentrate.
80% = 777,600 tons of spod =$699,840,000
93% = 903,960 tons of spod =$813,564,000
So the difference between good and bad results can be more then $113mill.
Now looking into the value of lithium carbonate/hydroxide spot price in china to be north of $22,000 could be.
80%= $1,368,576,000
93%= $1,590,969,000
So the question is what price is considered economical? I'm sure when we dig up the "lost china man" it will be worth while to send him home feel free to correct if wrong gltah cheers.
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