QOL queensland ores limited

Mgm check these figures on Mt Cannindah alone mateMy...

  1. 683 Posts.
    Mgm check these figures on Mt Cannindah alone mate

    My calculations put the in ground value of Mt Cannindah @ US$ 764 million.

    This was using commodity prices of

    Cu (tonne) 8500
    Au (ounce) 945
    Al (ounce) 18

    72,000 tonnes of Cu @ 8500 = US$ 612 million
    91,000 ounces of Au @ 945 = US$ 86 million
    3,600,000 ounces of Al @ 18 = US$ 66 million

    Total value of inground resources = US$ 764 million


 
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