for those too lazy to do their own homework....... Its all about...

for those too lazy to do their own homework.......

Its all about GRADE

According to PolarX's website the current total copper/gold/silver resource est. (not reserve), is:

6.2Mt for Caribou and Zackly alone containing:

127,000t of copper
24,420,000 oz silver
271,575 oz gold

At current metal prices in US$ Cu 7135/t, Ag 16.28/oz, Au1274/oz thats US$1.2Bn in-ground already.

Thats US$193 value in every ton mined.

Theres about 2.8 tons in a cubic metre of this dense material which means about US$540 or A$730 in every cubic metre mined.


At their planed 10Mt initial target this suggests US$2Bn gross to cover building a small a plant (1Mt/year) and operating costs from surface of only a fraction of that.




Now factor in the massive porphyry source targets............