If you analyse the info given on the ASX news release the following falls out (please check my figures)
Inital analysis has confirmed a minimum of 5g/Tonne so with 100,000 tonnes you could in theory get 500,000 grammes of Platinum.
With 28.35 grammes per Ounce (oz)
500,000 grammes is approx 17,636.70 oz
With the spot market rate for Platinum being (Jan 2011) approx 1745 usd per oz
17,636.70 x 1,745 = 30,776,041.5 US dollars ( approx $30.8Million)
Not bad for a spoil tip and this is one of many that Ingonyama Platinum (Pty) Limited own
I wish Ingonyama Platinum (Pty) Limited every success
We need a statement from SVYR on their current position with Ingonyama Platinum (Pty) Limited
