AW1 General Chat, page-1706

Hi @jay1983 I thought I would post a copy of the calcs we did way back last year on the Storm area. Note that the width increased in Nov from 300m to 400m. The other key variables are the grade, Dave has used 2.15% in this presentations so am using that for now but of course this could be lower. Also the 10% cut to get to a sp value is arbitrary as are most of the factors, costs etc but at least provides some context. I am also expecting the MRE to include 2750N and 2200N but nothing else. This has also been indicated by Dave. The calcs give a figure of 35Mt ore which closely corresponds to Daves 30-50Mt and give a final sp value of approx $1.09. And remember this is around 5% of the area - gives you something to think about. Big Storm brewing. GLTH



Note i used coper price and ex rate as at the time - need to adjust