Bullboard - Stock Discussion Forum Grid Metals Corp V.GRDM

Alternate Symbol(s): MSMGF

Metals & Mining Industrial Metals & Minerals

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... see more

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TSXV:GRDM - Post Discussion

Grid Metals Corp > $6billion in ore value identified in four projects

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Post by Mookster3 on Jan 27, 2022 11:40am

$6billion in ore value identified in four projects

With 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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Comment by Proinvest2020 on Feb 09, 2022 7:59pm

Nice to see some positive action on the grid... I've been wondering why the market values it so low as well. little chatter on this board as well. Nice to see your post. Pro

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