RE:New Mine Intercept is Worth $271/ton! For Comparison I keep using Arizona Mining that South32 bought out.
Here are there strike intercepts from May 22, 2018 for Arizona Mining.
https://www.globenewswire.com/news-release/2018/05/22/1509823/0/en/Arizona-Mining-Reports-Significant-High-Grade-Drill-Results-in-a-New-Copper-Rich-Zone-at-the-Taylor-Project.html
Using the calculator:
https://www.kitco.com/pop_windows/kitcorockcalc.html
This gives a value of $277 per ton of rock for Arizona Mining and their 160ft intercept.
This compares with SVBL results this morning of 45ft of intercept worth $271 per ton. Keep in mind similar geology and Arizona Mining was bought out for $1.6 billion. We are still at a market cap of ~$20 million.