1.5 B lbs payable metal first 7 depositsThe next 6 deposits have ~1.7 B lbs of combined Pb-Zn historic resource. Assuming 90% conversion to reserves from the ongoing confirmational drill campaign (similar to what was seen at R190) and 90% recoveries, that's ~1.4 B lbs of recoverable metal. With 85+% payable, that's ~1.2+ B lbs payable metal. Add in the ~300MM lbs from R190 and that's over ~215MM lbs/yr on average payable metal for the first ~7 years.
That sort of production will make Pine Point the third largest producer in North America, behind Red Dog and Kidd Creek. And one of the top twenty producers in the world. That's excellent company for a tiny junior nobody has even heard of - yet.
And that's just from a tiny fraction of the known resource. Still have 80% of the deposit remaining to exploit.
TAM controls one of the biggest known zinc deposits in the world, with existing infrastructure, in a politically secure area, yet trades as if it's a two bit rank exploration play in the friggin Congo.
105' of 30+% zinc/lead intercepts at Z155 deposit = $765 tn ore = bonanza grade with low cost bulk tonnage mining costs (<$60 tn). If they mine at 3000 tpd, they would generate over $2MM a day in profit. In Z155, I estimate there is close to 6 months of mining at those grades. That portion of that one deposit alone would justify everything TAM is proposing. Everything else, including R190's higher average grades, are free.
Name another friggin zn-pb mine on the planet that sees those sorts of grades at those sorts of widths from multiple deposits using bulk mining production volumes and low costs. You can't find one.