initial kalman resource estimate, page-5

Here you go.

Crunching the numbers gives:

Au 250,900 x 800 = US$200,720,000
Cu 172,200 x 2,200 x 3 = US$1,136,520,000
Mo 27,800 x 2,200 x 33 = US$2,018,280,000

Total = US$3,355,520,000

Near enough to US$3.5 billion or AU$5 billion. They say the average depth of the holes is 371m but the deposit is 600m deep and they haven’t included Re with a value of US$4000 per pound, that should increase the value of the resource. We have to remember that this is an initial estimate.


I also see that KMN has interests in a gold, silver and copper deposit in Mexico. 8.5 million AuEq at US$800 per ounce that is US$6.8 billion or AU$7.9 billion. I understand that the strip ratio is pretty low as well, 0.57!