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Grid Metals Corp V.GRDM

Alternate Symbol(s):  MSMGF

Grid Metals Corp. is a Canada-based exploration and development company. The Company is focused on both lithium and nickel-copper-platinum group metals in the Bird River area, approximately 150 kilometers (km) northeast of Winnipeg, Manitoba. It controls two lithium properties: Donner Lake and Falcon West. The 75% owned Donner Lake Property is situated 35 kilometers (km) north of the producing Tanco mine, one of only two lithium-producing mines in Canada. The Falcon West project covers 61,200 ha with 70 km of strike length along a prospective contact zone. Its Makwa Mayville Project is located in the Bird River Greenstone Belt approximately 145 km from Winnipeg, Manitoba. The project consists of two open pit NI 43-101 resources containing nickel, copper, platinum group metals and cobalt mineralization. Its East Bull Lake (EBL) palladium property covers 80% of the prospective EBL intrusion. Its Mayville PGE Zone is located approximately one km southeast of the Mayville Deposit.


TSXV:GRDM - Post by User

Post by Mookster3on Jan 27, 2022 11:40am
264 Views
Post# 34366816

$6billion in ore value identified in four projects

$6billion in ore value identified in four projectsWith the Bannockburn drill results just released this morning, my back of the envelope calculation shows 50mm tonnes (700m strike x 100m width x 250m open pittable depth x 2.8 specific gravity) at 0.28 % Ni. which totals 2.7 $B in ore value.  GRDM now has over 6 $B in ore value identified in four projects, yet the market is only assigning GRDM an enterprise value of 3 $mm, and these are all battery metals, to boot.  Seems bizarre.  

 
Ore Value Calculation
  Price
(US$)
       GRD
     Mayville lithium (4 mmt )
      GRD
Bannockburn
   (50 mm t)
  GRD
Mayville  Cu
(33 mm t)
  GRD
 Makwa Ni
 (7 mm t)
  oz/lb   %  $/t %   %-g $/t %-g $/t
Pd $1800     ?   0.14 9 0.36 23
Pt   1000     ?   0.05 2 0.10 4
Au   1800     ?   0.05 3    
Cu   4.00     ?   0.45 36 0.13 10
Ni   9.00     0.28 50 0.18 32 0.61 108
Co 20.00     0.01  4     0.01 4
LiO2   4.00 1.3 100            
Total ore value $/t $100   $54   $82   $149
               
Total deposit ($B) $0.4   $2.7   $2.5   $1.1
               
GRD Market Cap $12mm            
           Cash    $9mm            
Enterprise value   $3mm            
 

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