I am not at home but in Ottawa Valley for the weekend, so forgive my abrubtness.
I received an e-mail from Agoracom that announced resource results of a mine to be built in Quebec province.
I am not invested in that company but was curious as to how valuable and viable the resource was considering that at least some of their resource goes down to 1400 meters, so I added my calculations to the results per:
Donner Metals Ltd.: Inferred Resources at Bracemac-McLeod Expand by 2.07 Million Tonnes of Massive Sulphides
McLeod Deep Zone Inferred Resources
Mineralization Tonnes Zinc Copper Silver Gold Specific
Type (Millions) % % g/t g/t Gravity
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Mineralized Massive, semi-massive 2.47 9.21 1.22 39.81* 1.12* 3.75
Envelope & stringer mineralization
(Translating into lb. & Oz.) 20.3lb 2.7 1.38oz .039
Value of metal per ton $19.49 $9.31 $27.39 $48.55
Total value per ton $104.74
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including Massive Sulphides 2.07 10.66 1.33 41.72 1.21* 3.87
(Translating into lb. & Oz.) 23.5 2.9 1.44 .042
Value of metal per ton $22.56 $10.0 $28.58 $52.29
Total value per ton $113.43
Used following prices:
Copper $3.45/lb.
Zinc $0.96/lb.
Silver $19.85/oz.
Gold $1245/oz.
NOTE: They are considering building a mine with a resource barely above $100 per ton while ours is in the range of 5 to 7 times HIGHER.
And there are people that come on this forum questioning whether we are viable or under valued etc.
HALLO From Mother Earth To Ordinary JOE INVESTOR - WAKE UP!
Are you arithmetically challenged by such numbers?
Hane a great weekend folks, I will. Ed G.