We can make an estimate of AML's resource from recent data. AML...

We can make an estimate of AML's resource from recent data. AML have reported their estimate of metals in the core lode resource (which is high in copper) and a perihery resource (which is high in cobalt) for 3.6 km (of Marley and Vardy zones). The estimates are copied below. AML also stated in the Quarterly report that the drilling campaign for 2018 will "test the 22kms of potential extension of the current Resources on the Company’s 100% owned tenements". The most recent announcements say that the mineralization at the new drilling holes is similar to the existing resource, so if we just extrapolate from what is known for 3.6 km to a total resource of 25.6 km, we multiply by the factor 25.6/3.6 =7.1.

If we lump the two types of resources together and multipy by 7, we can get the following rough estimate for the total amounts of key metals in the Fish River Fault:

copper 1.5 Mt, lead 2.1 Mt, zinc 2.2 Mt, silver 207 Mozs, cobalt 304 kton.

Would anyone like to double check my calulations and then estimate the in-ground value of this resource?


(The following data copied from Q1 31st March 2018)
Copper Lode Resource1:
15.7Mt @ 1.24% Copper and 0.15% Cobalt (also 0.98% Pb, 0.82% Zn and 34g/t Ag)
copper 194 kt, lead 154 kt, zinc 129 kt, silver 16.9 Mozs, cobalt 24.0 kt.

Cobalt Peripheral Resource1:
18.0Mt @ 0.11% Cobalt (also 0.16% Cu, 1.03% Zn, 0.85% Pb and 22g/t Ag)
copper 30 kt, lead 152 kt, zinc 186 kt, silver 12.6 Mozs, cobalt 19.5 kt.