Normal0012351344112165011.1287000Generalrelativity13,265 Posts....

Normal0012351344112165011.1287000

Generalrelativity

13,265 Posts.

525

22/05/10

08:19

Post #: 6724394

Originally posted by dumbledore ↑

Allgot to do with what they call prill splits Dumbledore.

Here are the splits for NKPs project/s with an associated calc based on thethen PGM prices.Once again thanks to ????

the prill split differs for the Merensky Reef and the Upper Group 2 Reef asfollows:

Merensky Reef

Pt 56%
Pd 28%
Rh 3%
Au 6%
Other 7%

UG2 Reef

Pt 40%
Pd 38%
Rh 8%
Au 2%
Other 12%

With the reefs split Merensky 60% : UG2 40%

As can be seen above, the overall 3PGM+Au prill split for the reefs isapproximately 49.6% Pt, 32% Pd, 5% Rh and 4.4% Au.

I take it that the 9.0% "Other" would refer to base metal by-productssuch as nickel and copper (Merensky) and chromitite (UG2) that are usuallyassociated with platinum mining and which would add significant value to theore.

The current 3PGM+Au basket price at price levels of Pt $US1460/oz; Pd$US384/oz; Rh $US2340/oz and Au $US1105/oz would be;

1460 x 0.496 = 724.16 +
384 x 0.320 = 122.88 +
2340 x 0.050 = 117.00 +
1105 x 0.044 = 48.62

CURRENT BASKET PRICE = $US1012.66

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19/02/20

Pt 1015 x 0.496 = 503

Pd 2640 x 0.320 = 848

Rd 12200 x 0.050 = 610

Au 1508 x 0.044 = 66

CURRENTBASKET PRICE = $US 2027 @ .67 = $AU3025