Using 31.1 grams per troy oz
Also, taking into consideration 82% recovery rate
Also, todays price a little lower at $2,608/oz US
11,100,000 tons @ 3.09 g/t Pd = 34,299,000 total grams
Divide by 31.1 grams per troy oz = 1,102,861 total oz's
Recovery at 82% = 904,346 oz's
$2,608/oz Pd US X 1.30 to CDN = $3,390
At about $3,390/oz = $3,065,732,000 CDN
That is just the Proven and Probable. If we add in the Inferred, we get another:
8,900,000 tons @ 3.49 g/t Pd = 31,061,000 total grams
Divide by 31.1 grams per troy oz = 998,745 more oz's
Recovered oz's at 82% = 818,971 net oz's
At $3,390/oz CDN = $2,776,314,000 CDN
Therefore, total credits from the Palladium alone...which includes proven and probable, along with the inferred = $5,842,046,000
Note that the feasibility study in 2012 was based on Pd of $599 US, where at the time the CDN $ was near 1/1 with the US $. I believe we are expecting an amended feasibility study....will be interesting to see if anything could move this stock.