RDM potential if grades are good from cuttent drill program:
Ref Fig 4 of RDM announcement 4/12/12
Upper BIF Potential Ore
600 * 400 * 10say *3.5t/m3 = 8.4mt
Lower BIF Potential Ore
600 * 600 * 10say * 3.5t/m3 = 12.6mt
Total = 21mt
12003b - 5.6% lead and 208 g/t Ag = approx 16% lead
21mt @16% Lead * $2000 = $6.7bn in ground value
Using 25% of $6.7bn gives a market cap of $1.68bn 0r sp of $12
RDM potential if grades are good from cuttent drill program:Ref...
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