Re: PERMA BEARS , Rockaur model

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Boatboy

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Re: PERMA BEARS , Rockaur model

in response to

Re: PERMA BEARS

Polylabel

posted on May 11, 2008 06:34AM

I just went back to take a look at Rockaur's last 5x5x2 model. Conservatively estimating the current size (trying to cube it) I get 175Mx80Mx120M. That according to my Sharp 2189 calculator is 1,680,000 M3. I'll let the geo's convert that to tonnes. My background is wood and maple for example weighs 1127KG per M3. So, that volume in wood would be about 2M T. Anyone suggesting only 3M T is trying to steal your shares IMHO. I think I will use 2.5T/M3 to be on the light side

Now if we assume that 10% of the area is 'red' and based on my calculated $2500/T (previous post this week) you get an in situe value of 168,000x2.5x2500 or jut a bit more than $1B. This is just for the filet mignon, plenty of strip loin left.