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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Message: Canseco - $15 billion eh
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Canseco - $15 billion eh

posted on Jul 30, 2008 10:59AM

Well, if the Chromite deposit is deemed to be $15 billion, here is what we would require in terms of deposit size (roughly)

If we assume that rodg45's post the other day is accurate and raw chromite ore is worth $400.00 per tonne, then:

$15,000,000,000 / $400.00 = 37,500,000 mt.

Again, if we assume that the rock density of 2.5 tonnes per cubic metre:

37,500,000 / 2.5 = 15,000,000 cubic metres

In order to have 15,000,000 cubic metres, we would require a deposit to be 60 X 500 X 500 metres. Doable? I would like to think so in light of the fact that B1 & B2 are some 800 metres apart.

Cheers,

Milsy1

Note: Apparently my speculative numbers yesterday were way too low.





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