The meteorite is similar in size to the hill. Here are some totally unathorised random warblings:
Say the hill is 400 x 250 x 200m thick = 20 million cubic metres Fresh Dunite has an SG of about 3, since its mineralised & sulphide rich I'll go 3.2 So the hill = 60 to 65 million tonnes @ 0.24% Ni = 150,000 tonnes contained Nickel @ A$18,000/tonne = A$ 2.7bn
If the truth machine samples average 1g/t PGE = 2.0 million ounces of contained PGE @ A$1,600/oz = A$ 3.2bn
Approx in-ground value of the hill = A$ 6bn.
... all at a current market cap of $65 million. And the benefit is the hill isn't 10x the distance to the moon away.
MAN Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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