If I use the "inferred mineral resource" estimate for Mows Bay of 70.1 million tons and the % proportion of the 4 named minerals, this gives 8.3 million tons.
Let just says the 4 named minerals have the total average market value of $100 per ton (note I don't have a clue what the going rate is but should be a lot higher I hope), Mows Bay would have $803.4 million sitting in the ground.
Here's the start. Let someone else do the maths.
Just my thought.
- Forums
- ASX - By Stock
- mows bay rough as guts
RTM
reefton mining nl
If I use the "inferred mineral resource" estimate for Mows Bay...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RTM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online