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5,541 Posts.
305
06/07/18
18:43
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Hi all,
I thought I should calculate the near term revenue coming to this gem based on today's Zn and Pb price,
Macy Deposit (Inferred and Indicated JORC Resource) - 122,900t at 21.9% Zn & 4.4% Pb
Pb price is USD 2,322.78 per ton today
Zn price is USD 2,757.50 per ton today
so,
122900t*21.9%=26915.1t*$2,757.50=~US$75M
122900t*4.4%=26915.1t*$2,322.78=~US$13M
we have other massive mines like Aisha with high grade Zn/Pb to explore/mine, much bigger than Macy.
DYOR
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