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: Nickel to Platinum

Just ball parking the dollar values of ores in the ground, before extraction and processing.
20 million tons of 33% chromite ore at Blackbird nets 7 million tons @ 300$/ton = 2.1 billion $s. ( I have found - Hard to peg a real price on chromite ore.)
The Eagle's Nest ore is valued at about 12 billion $s. ( This is a sum of estimates from a year ago, or so.)
So 14 billion $ over about 220 million shares = $63/share. ( Not so fast, patience.)

Note: I am no expert and my calculation experience is mostly on precious metals so not very applicable to the above metals, hence the ball park estimates.

I have found in most mining cases that from the raw ore in the ground only about half the value is realized as net value, the remainder is lost due to costs of infrastructure, excavation, processing, transport, royalties etc.
So we could expect as much as 32$/share.

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