MEI 1.08% 9.4¢ meteoric resources nl

Ann: Mulligan Maiden Drill Program Finalised, page-14

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  1. 1,096 Posts.
    lightbulb Created with Sketch. 90
    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.
 
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