I have recalculated data from Eagle's Nest N.I.43-101 dated 2011Mar4, using Kitco's 2015 January 19 prices:
Ni $6.53/lb, Cu $2.59/lb, Pt $1260/oz, Pd $7.63/oz, Au $1277/oz.
Measured & Indicated metals Ni% Cu% Ptg/t Pdg/t Aug/t
Reported concentrations 1.78 0.98 0.99 3.41 0.20
Weights in lb. or oz. 39.16 21.56 .034 .1176 .007
Metal $ Value 255.71 55.84 42.84 89.73 8.94
$Value/ton of ore $453
11,000,000 Tonnes x $Value/ton = $4,984,000,000
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For reference, Kitco prices dated 2011Mar4 were:
Ni $13.04/lb Cu 4.47/lb Pt 1841/oz Pd 810/oz Au 1432.80/oz.
Measured &Indicated Ni% Cu% Ptg/t Pdg/t Aug/t
Reported concentrations 1.78 0.98 0.99 3.41 0.20
Weights in lb.& oz. 39.16 21.56 .034 .1176 .007
Metal$Value 510.65 96.37 62.59 95.26 10.03
$Value/ton $607.02
11,000,000 Tonnes x $Value/ton = $6,677,220,000
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So we have total value dropping by 34% from 2011 to today, and if distributed over 250 million shares is $19.94 per share. Net profit should be at least half that.
Note that we now have estimates of 20 million tons instead of 11 million.
Crazydik, I know from EAG forum, that you are not sleeping very hard and do peek in on occasion. Sooo there still is hope for your 20$s even with current economic times.
Just because no one asked this year, lol.
ps. Sorry folks, after complaints to Agoracom of years past about tabs and spaces in columns, they still do not have them corrected, pitty.
