Further to my post in the Money of Mine thread re trying to put...

Further to my post in the Money of Mine thread re trying to put a AuEq or CuEq number at this early stage to the first 3 holes released from Crius, this is what I’ve managed to come up with.

I apologise for any formatting/font issues as this was copy/paste from a Word doc.

My pricing assumptions (all in USD):

Cu/t – 10,000

V2O5/t – 10,000

TiO2/t – 350 (using ilmenite price)

PGE3 – 1,300 (assuming Pt/oz – 970; Pd/oz – 920; Au/oz – 2,300)

Assumed nothing for Ni or Co as nothing reported yet.

Placing my numbers into the spreadie, I come up with the following AuEq numbers:

Hole 1 – [email protected]/t

Hole 2 – [email protected]/t

Hole 3 – [email protected]/t

The equivalent CuEq numbers are as follows:

Hole 1 – [email protected]%

Hole 2 – [email protected]%

Hole 3 – [email protected]%

I’m definitely no expert at this & I know it’s a very back of the envelope calculation, however, at least to my way of thinking, it gives you a different, more accessible, perspective from which to analyse the assays – and it looks pretty damn good to me.

If anyone out there has something to add, I’d be glad to learn.

Assuming the next 10 holes from Crius return similar intervals & grades, the more enlightened market participants may begin to have their Eureka moment.