Based on the assay results provided in the quarterly report today (1-2-13) i have worked out an estimated value of all the PGM in the 1,000,000 tonnes of tailings.
Firstly i assumed:
gold = $1600 per ounce
platinum = $1600 per ounce
palladium = $700 per ounce
Just looking at those 3 elements i got an average value per tonne of tailings of:
sample 1: $6000
sample 2: $4872
sample 3: $1052
Weighted average: $3900
And they have 1,000,000 tonnes of tailings ready to be processed at Bamboo Creek, so $3900 x 1,000,000 = $3.9 billion!
Keeping in mind that all of that may not be recoverable, and that they will end up selling it for a discount via an offtake agreement and we are still looking at a huge ammount of value!
Anyone else get any similar numbers?
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