Let me know if this doesnt make sense. Check out the heat map that they sent over as part of the drill plan. BMR's average grades were around 1%. So based on that, the size of those zones, the cost per tonne of CO and guessing a conservative 1m of depth, here's some rough estimates
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 0 Veins Metres w Metres l Metres d Total CM CO grade CO CM Tonne$ Value 1 1 & 2 400 400 1 160000 0.01 1600 81000 $129,600,000 2 5 50 100 1 5000 0.01 50 81000 $4,050,000 3 6 50 100 1 5000 0.01 50 81000 $4,050,000 4 9 to 11 150 250 1 37500 0.01 375 81000 $30,375,000 5 12 to 14 200 250 1 50000 0.01 500 81000 $40,500,000 6 7 to 8 100 100 1 10000 0.01 100 81000 $8,100,000 7 $216,675,000
That's a wild rough estimate of a $216m for the one claim. Feel free to run the numbers.
- Forums
- ASX - By Stock
- MEI
- Ann: Mulligan Maiden Drill Program Finalised
Ann: Mulligan Maiden Drill Program Finalised, page-14
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEI (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.4¢ |
Change
0.001(1.08%) |
Mkt cap ! $222.2M |
Open | High | Low | Value | Volume |
9.3¢ | 9.5¢ | 9.2¢ | $286.0K | 3.065M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 419952 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 22882 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1773521 | 0.011 |
11 | 2924000 | 0.010 |
6 | 4510000 | 0.009 |
7 | 2258300 | 0.008 |
1 | 142857 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 620532 | 3 |
0.013 | 1998837 | 5 |
0.014 | 926384 | 7 |
0.015 | 670000 | 2 |
0.016 | 1179000 | 5 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
MEI (ASX) Chart |