Donner Minerals (DML.V) Message Board

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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: mad cow II who wrote (3770)	3/25/1998 9:09:00 AM
From: 1king	Read Replies (1) of 11676

To: "Mathematical" Cow Doesn't it depend on whose ground the orebody is found? Do we assume it is found on NAI :-) All the JV's are not the same. INCO's price was based on 150 mT reserve/resource. This is the number used internally in INCO calculations to value the project. It is not correct to assume that 81.7 mT of ore is worth 4.6 billion. I must also check the published grade of the Eastern Deeps ore. It does not seem to match my recollections. Vague as they are. Here we must also factor depth in a mining cost. We have subcropping ore versus ore one kilometer deep, yet they have the same value (contained metal value). In your model where would the DML ore body be? This appears to be combining apples and oranges to come up with bananas. While gross value is the easiest to calculate I don't think it is representative in this case. Your final valuation is quite interesting but a few changes maybe in order. For one, try a cubic metre of ore weighing closer to say 4.65 tonnes. It was quite a feast for thought. Hopefully with some further input on this tread we can make a viable model just for our amusement. 1King

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