I came across something, but not entirely sure how accurate it is (yes, that is a cautioning qualifier). Essentially, it is the size of historical resource using a lower cut-off. What I found was:
5,600,000 tonnes of 6.1% zinc oxide or 752,886,400 pounds
11,700,000 tonnes of 6.2% zinc sulphide or 1,598,781,600 pounds
17,300,000 tonnes of 0.28% copper or 106,761,760 pounds
17,300,000 tonnes of 14.1g/t of silver or 8,619,435 ounces
Now, ignoring economics, the in-situ value is roughly $3.6 billion.
At 6.1% zinc and using the copper and silver credits, the rock value per tonne at today's prices is about $205/tonne.
Now, once again, I am not exactly sure how accurate this info is, but it does seem reasonable.
I guess my point is that a strong zinc price is so crucial, and the cut-off grade (which is impacted by price) on the 43-101 is likely to have a huge impact as well. |
