Re: Nickel #1: standing of other metals as of Mar.4
posted on
Mar 08, 2011 04:17PM
For the past year I have been trying to maintain a proper perspective of the metals at Eagle's Nest due to often forgotten copper.
Following data from Eagle's Nest N.I.43-101 dated 2011Mar4
Using Metal Prices from Kitco on late Mar.4:
Ni $13.04/lb Cu 4.47/lb Pt 1841/oz Pd 810/oz Au 1432.80/oz.
Measured Ni% Cu% Ptg/t Pdg/t Aug/t
======================================================================
Reported concentrations 2.08 1.07 1.04 3.55 0.20
Weights in lb.& oz. 45.76 23.54 .036 0.122 .007
Metal$Value 596.71 105.22 66.28 98.82 10.03
$Value/ton $877.06
5,346,000 Tonnes x $Value/ton = $4,688,442,000
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Indicated
Reported concentrations 1.50 0.89 0.94 3.27 0.20
Weights in lb.& oz. 33 19.6 0.03 0.11 .007
Metal$Value 430.32 87.61 55.23 89.10 10.03
$Value/ton $672.29
5,643,000Tonnes x $Value/ton $3,793,789,000
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Inferred
Reported concentrations 1.10 1.14 1.16 3.49 0.30
Weights in lb.& oz. 24.2 25.08 .04 0.12 .01
Metal$Value 315.57 112.11 73.64 97.20 14.33
$Value/ton $427.68
8,966,000 tonnes x $Value/ton $3.834,758,000
Note that only now in the Indicated category palladium has passed copper in value per ton.
p.s. Sorry about the lack of Tabs and CR being recognized.