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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Buckey who wrote (1843)3/17/1999 6:59:00 PM
From: mineman  Read Replies (3) of 5821
 
600 m X 100 m X 2.3 m = 140,000 cu.m X 2.7 t/cu.m = 370,000 tons.
(Projection based on 2.3 metre thick zone intersected in only 3 holes)

Gross metal value: $320/ton X 370,000 tons = $120 million
(Based on 8% Ni X $2/lb = $320/ton (US) nickel)

So from 3 early-stage holes the higher-grade zone appears to be thin (2.3 m.) and is projected to be small (perhaps 370,000 tons) but with good gross value ($320/ton).

Factors that could change this estimate:

-The zone's thickness could increase down plunge to the east,
-The zone's length could be over 1 km long instead of 600 m,
-The sulphides could be originating from a larger feeder zone, and
-There could be a series of zones with similar grade in the area.
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