I thought I'd follow up on your posts and saw this from an FEG announcement on the 14th of November 2022 (for fun i did some calcs to put it into perspective);The Company has defined an Exploration Target for theMount Clark West Copper Gold Project located in the Connors Arc region ofCentral Queensland. The potential quantity and grade of the Exploration Targetfor the Mount Clark West Project is conceptual in nature, and there has beeninsufficient exploration to estimate a Mineral Resource and it is uncertain iffurther exploration will result in the estimation of a Mineral Resource for theproject. Mount Clark West – Exploration Target (November 2022)
Lower Tonnes 400Mt Grade (Cu Eq) 0.4%
-by my calcs- [email protected]% x Cu price today USD7,888/t= $31.55 t/ore
-$31.55 t/ore x 400,000,000 ore t= USD 12.6B or AUD $19.7B (Gold equivalent at USD1,900/oz- 6.6Moz)
Upper Tonnes 650Mt Grade (Cu Eq) 0.6%-by my calcs- [email protected]% x Cu price today USD7,888/t= $47.33 t/ore
-$47.33 t/ore x 650,000,000 ore t= USD 30.76B or AUD $48B (Gold equivalent at USD1,900/oz- 16.1Moz)
I then had a look on the map where it is, about 100km from Mackay in one of the largest mining areas in Queensland, with rail, power and deep-water ports for mining already established and to top it off a bitumen road runs through the property. Happy days.
Thank you for twigging my interest in your opinions.
