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85 Posts.
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13/11/10
11:06
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Ok so just doing some basic maths over the volume of this possible resource to try and get my head around it.
35MT * 1.2% Ni = 420000T of Ni
420000T of Ni = 420000000Kg or 420MKg
therefore 420MKg*2.2 = 924Mlb possible reserve
The spot price of Ni at the moment is $10.4US per pound
But what is the actually shipping ore valued at?
This seems like a lot of possible money in the ground. Can someone check my calculations. Cheers
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