MEI 3.16% 9.2¢ meteoric resources nl

Ann: Geophysical Surveys to Commence at Meteoric Cobalt Projects, page-30

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    lightbulb Created with Sketch. 90
    I havent allowed for specific gravity as well, SG of rock is about 2 on average so everything can be pretty much doubled. (SG of cobalt is about 8 I think from memory but that's immaterial)

    So I've redone the numbers below taking a good hard look at those red spots and making a guess at the size of them, and a depth. . . allowed for SG. Here you go . . .

    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11
    0   L W D Total M Tonnes Grade SG CO ton $per ton Potential value
    1 Zone 1 50 80 10 40000 40000 0.008 2 640 $ 71,000.00 $ 45,440,000.00
    2 Zone 2 30 30 10 9000 9000 0.008 2 144 $ 71,000.00 $ 10,224,000.00
    3 Zone 3 50 60 5 15000 15000 0.008 2 240 $ 71,000.00 $ 17,040,000.00
    4 Zone 4 100 130 10 130000 130000 0.008 2 2080 $ 71,000.00 $ 147,680,000.00
    5 Zone 5 120 150 10 180000 180000 0.008 2 2880 $ 71,000.00 $ 204,480,000.00
    6 Zone 6 60 60 5 18000 18000 0.008 2 288 $ 71,000.00 $ 20,448,000.00
    7         392000 392000     6272   $ 445,312,000.00
 
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