Looking at the Value of Cypress OK so 12000 tonne a day out of the open pit area that should / could grade at a 1000 ppm or even a bit better might actually produce 12 tonnes a day of Lithium, that could be made into Lithium Carbonate at a rate around 63 tonnes a day ( 12 x 5.32 ) ... At a 80 percent recovery rate or 50-51 tonnes a day of LCE and at today's price at $ US 16000 might equal in around $800,000 a day
So thinking at that rate, our ground in the proposed open pit area contains ( $800,000 divided by 12,000 tonne per day ) for a value of $66.66 for each tonne of earth there.
Now if we looked at the three largest open pit gold mines here in Canada.. their numbers on average per ton are as follows.. By removing 3 times the overburden as the tonnes that are actually put thru the mill to extract the gold at one gram per tonne recovery.. means that they have to run 31.1 tonnes thru the mill plus remove the 93.3 tonnes of overburden first .. So if we look at what they have to drill blast remove and the add whats being put thru the mill then we see it takes mining 124.4 tonnes to recover one ounce of gold worth $1615 .. Looking at these numbers their ground is worth $12.98 per tonne.
Lets think about this for a while I continue in my thoughts this morning.