OTCQX:NTTHF - Post by User
Comment by
schrodingerscaton May 13, 2017 12:12pm
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Post# 26240707
RE:Rough Ressource Estimate
RE:Rough Ressource EstimateDufhaste wrote: I am a little impatient and don't want to wait until April, so I asked myself if it would be possible to calculte the possible Ressource value on my own. Of course very roughly and with a lot of assumptions. It is possible that the below is fully non-sense, which is why I would like to get your constructive comments/feedback :)
| 3Q Northern and Southern Target | |
| Depth in meter (rough average) | 150 |
| Porosity in % (~average) | 15% |
| Surface in square meter | 68.970.000 |
| Volume in cubic meter (Surface*Depth) | 10.345.500.000 |
| Volume in cubic meter (Correction based on porosity) | 1.551.825.000 |
| Volume in Liter | 1.551.825.000.000 |
| Lithiumconcentration mg/l (rough estimate) | 680 |
| Available Lithium in mg | 1.055.241.000.000.000 |
| Available Lithium in t | 1.055.700 |
| price/tonne | 10.000 |
| costs/tonne (estimate) | 3.000 |
| Potential Sales in $ | $ 10.557.000.000,00 |
| Potential Costs in $ | $ 3.167.100.000,00 |
| Potential Profit in $ | $ 7.389.900.000,00 |
seeing that we are a bit closer to the RE here is my guess.
north
14km by 2km by 100m by .05 by .7 divided by 1000 by 5 =490000 tonnes lithium carbonate
south
12km by 2km by 100m by .05 by .7 divided by 1000 by 5 = 420000 tonnes lithium carbonate
total 900,000 tonnes
divide that by 20,000 per year gives 45 years of mine life
the devils in the details of course evaporation rate transportation to Fiambala etc.
still on the fence but it is getting tempting at these prices eh.