General chit chat, page-136

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Diesteach

218 Posts.

15/11/18

07:12

Post #: 36510389

Originally posted by catscatscats: ↑
Joyce and Olympic Swimming pools

Just to give you some ideas of the value in something everyone can recognise. If the grades (low end) all come out the way the prospectors were indicating in 2010 . . here's the output for a shallow open cut.

Joyce if she was an Open Cut - Olympic Swimming pool size. 10 lanes, 2 metres deep and 50 metres long.

Len Wid Dep Cmtrs SG Perc Pure tonnes $per tonne Total Value
1 Cobalt 50 10 2 1000 2 0.004 8 49000 $392,000.00
2 Copper 50 10 2 1000 2 0.005 10 6600 $66,000.00
3 Nickle 50 10 2 1000 2 0.002 4 15000 $60,000.00
4 Gold 50 10 2 1000 2 0.00001 0.02 64000000 $1,280,000.00
5

$1,798,000.00

Take the gold out as that blows the number away, but a shallow tiny swimming pool is half a mil in minerals.

And there is much more than an olympic pool in there . .Gets viable fast in a multi metallic dig.
Expand
It sure does. Good grid.

MEI Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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		Len	Wid	Dep	Cmtrs	SG	Perc	Pure tonnes	$per tonne	Total Value
1	Cobalt	50	10	2	1000	2	0.004	8	49000	$392,000.00
2	Copper	50	10	2	1000	2	0.005	10	6600	$66,000.00
3	Nickle	50	10	2	1000	2	0.002	4	15000	$60,000.00
4	Gold	50	10	2	1000	2	0.00001	0.02	64000000	$1,280,000.00
5										$1,798,000.00

General chit chat, page-136

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