VWM
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0.00% 3.0¢ victory west metals limited

Ok so just doing some basic maths over the volume of this...

  1. freespin84
    85 Posts.
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    13/11/10
    11:06
    Post #: 7470527
    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




    VWM Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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