RE: MONSTER RESOURCE HERE16 Jan 2021 13:21
IWantThatOne - I appreciate what you’re trying to calculate, however i’d suggest assuming that the ore body is mathematically conical - at least close enough that you could work out the volume of ore, is incorrect.
I think it’s fair to assume from the information we’ve been given that the ore body becomes thicker at depth than at surface, I suppose that being the nature of how these geological formations come into being.. however whilst this could be considered “conical” I.e wider at the bottom and thinner at the top, I feel comfortable suggesting that there is no way one could calculate volume based on a mathematical formula for a true cone... as simply, it isn’t one.
See link: https://www.rns-pdf.londonstockexchange.com/rns/3902L_1-2021-1-12.pdf