CQT 0.00% 51.5¢ conquest mining limited

back of the envelope valuation

  1. 970 Posts.
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    I was just doing a little bit of a calculation and was pleasantly surprised with the figures that I came up with. Would love for others to check them.

    Last Drilling reults from Mt Carlton are as follows
    Gold - 99,000 Ounces (Current price US$632 Oz)
    Silver - 1,490,000 Ounces (US$11.30 Oz)
    Copper - 4960 Tonnes (US$7710 tonne)

    Now calculate that out and we have

    Au - US$62,568,000
    Ag - US$16,837,000
    Cu - US$38,241,600

    Total Value so far in ground : US$117,646,600

    These are on the figures from three months ago so I am expecting this to be increased with further results.

 
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