Nash Insitu Value UPSomeone last week asked the board what it would take to get Nash's insitu value up over $1 billion, while it currently sits around $850,000,000.
I believe that it would take very little, and we could be well on our way with Silverjack, though we haven't calculated a resource there yet. The Bracemac-McLeod deposit that Xstrata and Donner are advancing has a resource of 3.4 MT grading 11% zinc, 1.42% copper and 34g silver. At one time I calculated its insitu value as a comparison to Nash Creek, and it was slightly over $1 billion.
As a comparison, Silverjack has produced assays up to 653 g/t (19.05 oz/ton) silver, 2.69% copper, 11.9% zinc and 9.8% lead. Again these are some of our highest values to date so keep that in mind. But with trenches revealing mineralization over 1.5 km away, there's lots of reason for optimism. If we can outline 1-3 MT of resource on Silverjack, it could add greatly to the already existing resource of 9 MT, easily increasing insitu value to $1-$2 billion. Also remember that Nash Creek is an open pit amenable deposit (with all infrastructure in place) where Bracemac is deep and will require underground mine methods.