Posted By: stolwyk Views: 79 Post #: 1651431 (In Reply to msg...

Posted By: stolwyk Views: 79
Post #: 1651431 (In Reply to msg #1608574 from hanrahan) Sentiment: Buy
Voluntary Disclosure: Stock Held

Pre-feasibility study this month planned.

The following was posted on 3 Febr, this thread:
"Amended calculations re TRO:

WOODLAWN UNDERGROUND PROJECT RESOURCE ESTIMATE – SML 20
26 Oct 2006: "Tri Origin Minerals Ltd (“Tri Origin”) is pleased to announce its first JORC(1) compliant Measured, Indicated and Inferred resource estimate for the redevelopment of the Woodlawn Underground Project:

10.1Mt @ 1.8% Cu, 4.0% Pb, 10.2% Zn, 0.55 g/t Au, 85g/t Ag".


INSITU VALUATION OF RESOURCE:
Latest US $/lb: CU: 2.40; Pb: 0.76; Zinc: 1.40; Silver: $13.27/ounce. Omit Gold. Shares: 88.597 mill. Options 2009-2011: 5.845 mill. but substitute 2.9225 mill shares. Fully diluted: 91.52 mill. shares. US$1=AUS$1.2911. Share price: AUS$1.35.

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Recalculating the Insitu values/tonne (US$): Cu: 95.04; Pb: 66.88; Zn: 314.16; Silver: 36.26 or the total Insitu value/tonne is US$512.34 or $A661.48/tonne (24.7 grams/tonne Gold equiv. - Ounce of gold= US$644.6). That is a very high value per tonne in situ.

There are 10.1 mill tonnes or total in situ is AUS$6680.97 mill; on a fully diluted basis, that is AUS$73.00/share or per AUS$1 market cap: AUS$54.07, a high number.

There is room for expansion of the resource and the next Jorc update ought to give us that info. The pre-feasibility study planned for Febr 2007 ought to show a very good IRR. (Internal Rate of Return).

Note that these calculations omit the resource of Lewis Ponds".
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23 March. Comment:

The metal prices used on 3 February:
"Latest US $/lb: CU: 2.40; Pb: 0.76; Zinc: 1.40; Silver: $13.27/ounce".

Currently, in US dollars: CU is 3.06; Lead: 0.89; Zinc: 1.45; Silver: 13.35.

So, Copper and Lead have risen strongly. The USD declined by 4% against the $AUS.

I am not going to recalculate the Insitu value per tonne of ore at Woodlawn but the metal prices have risen more strongly then the AUS currency, I believe.

Hence the above: "total Insitu value/tonne is US$512.34 or $A661.48/tonne (24.7 grams/tonne Gold equiv. - " is still valid IMHO.

That is a massive value per tonne.

Gerry
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