Upgrade and update6 Dec 2020 09:38
Morning Gecko! Absolutely spot on
Also in addition to what djm1 has posted, please remember that we had a poster on here called junglejane who is a geologist and she states that the results from Russian geological surveys are always VERY CONSERVATIVE in their readings, to what extent, god only knows, but the reasoning is sound as it makes for better than expected mining results
Borrowed from GingerHippo
September this year. Thanks.
The focus has been on MT but he states the value of WK has been previously calculated at 10p to the share price prior to the DFS and no mention of Rhodium numbers yet.
See below;
From the RNS last December. BTW, this is out of date as the recent investor report has higher estimates than this:
1. Potential Pd and PGM resources of c.13.1t (421k oz) (as per State Cadastre of Deposits, No. 18 on Murmansk Geological Information Archive Reference Note of 07.03.2019)
2. Potential resources of Pd and PG? c.14.7 t (472k oz) and of gold c. 0.7t (as per State Cadastre of Deposits, No. 20 on Murmansk Geological Information Archive Reference Note of 07.03.2019)
3. Potential resources of Pd and PG? c. 320.1 t (10.2M oz) and of gold c. 10.1t (as per State Cadastre of Deposits, No. 21 on Murmansk Geological Information Archive Reference Note of 07.03.2019)
4. NKT (Nittis Kumuzhanaya Travanyaha) nickel, copper, cobalt, platinum, palladium, gold and silver with the following potential resources: Ni - c. 298,000 t, Cu - c. 229,000 t, Co - c. 11,300 t, Pt - c. 18.5 t, Pd - c. 55.0 t, (Pt+Pd= 73.5t or 2.3M oz) Au - c. 7.6 t, Ag - c. 185t (as per State Cadastre of Deposits, No. 22 on Murmansk Geological Information Archive Reference Note of 07.03.2019).
The total in items 1 to 4 above, which excludes the c.2M oz in Eurasia's current production license is c.13M oz of PGM of which palladium is predominant. The Pd to Pt ratio in Monchetundra production license varies from 1.7 to 5.8 Pd/Pt ratio, a similar range is observed in the Flanks area.
So within our current licenses plus what’s within 5Km we have circa:
19.824M oz of Pd and Pt (approx 3:1 ratio)
0.59M oz of gold
5.94M oz of silver
Using today’s price that’s an in-situ value of $37.653Bn
There’s also about $644M of nickel, copper and cobalt in the flanks area (presumably there's more than this within the 5Km exclusive area). Let’s call that $38.8Bn.
I've left our Rhodium because I don't know how much there is. But at $12,400 an ounce, any Rhodium boosts our value.
Gla!! Next week could be awesome!!
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