GREY:PLUUF - Post by User
Post by
Austrian007on Jun 20, 2018 11:15pm
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Post# 28203358
Resource Calculations - Another attempt
Resource Calculations - Another attempt more thoughts on this..
Area where the resource has been drilled and located - 2200 X 1700 X 100 === 375 Mm3
(I am using average thickness of 100m which looks reasonable from the diagram given in the previous release).
Applying a density of 2500 kg/m3 we get about 1000 MT of mineral resource.
At an average grade of 0.7% Li2O, we get about 7MT of Li2O or about 17.3 MT of LiCE..
This is yuge... and almost twice the size the current largest non-brine LiCE reserve.
PLU should cross $3 when the numbers come out.