1 ton=2000 lbs; so 4%Cu=80lbs/t; Cu@~$3/lb=$240 income/t
Mining costs=~$60/t.
Profit=~$180/t.
AU is trading at ~$1100/oz. III has a grade of 8.83 g/t=0.311469 oz/t=$342 income/t. Profit=$342/t (We already paid the $60 to get the ore out of the ground above!).
Let's add 'em up:
Au=$342/t
Cu=$180/t
$$=$522/t
Drill hole is ~152 Meters.
Lets say the cross section when delineated by further drilling is 100M X 100M (a wild ass guess!) then over a 1000 M length of strike (another WAG!) we have 100X100X1000=10,000,000 cubic Meters of ore and that converts at ~2000kg/cubic meter weight of copper ore to 20,000,000,000kg of ore and that =~22,000,000 tons which at a profit of $522/t=~$11.5Billion total value.
With a mine life of 20 years makes the profits= ~$0.575 Billion/year=~$575Million/year.
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM