Gunzod.. I often have a quick peek at Malartic Mines , the largest open pit Gold mine in Canada..
In the first quarter this year (2021) it produced 89,500 of gold .. by milling just under 59,000 tons per Day.. I know these are rather large numbers to wrap your head around but here goes.. You drill, blast, and crush 59,000 tons of ore to get in Round Figures, a 1000 ounces of gold recovery per day...
Now calculating that gold at $2,000 Cdn per ounce would give them 2 million dollars per day.. I look at that $2 million a day and calculate that each ton of raw ore ( $2,000,000 divided by 59,000 tons ) has a value .. in my book at $33.90 per ton. .
OK ? Now remember this number.. and lets have a look at Cypress's Lithium Project..
Bill has calculated that by mining 15,000 ton per day he can produce about 27,000 tons of Hydroxide per year.. Todays lithium sells for over $13,000 per ton.. ....OK so far ?
Now take Bill's 27,000 per year tons and divide it by 365 days and we have around 74 tons per day of production .. Now multiply that 74 tons per day by the $13,000 per ton and we end up with $951,644 dollars per day..
Ok Final math question.. What's our clay deposit per ton worth ?? Take that $951,644 divided by 15,000 ton per day and are you ready ??
$64.10 per ton...? YES YES $64.00 per ton,
Our clay deposit is worth around $30 dollars per ton more then Malartic's Gold Ore Deposit.
I forgot one thing though ...that is real "REAL IMPORTANT"
OVERBURDEN>> Yes.. Overburden.. that has to be Drilled Blasted and hauled away and dumped ,, and for every ton of ore headed to be milled, there is at least a ton of overburden waste that has to be drilled, blasted, loaded, and disposed with.
Hopefully, my exercise in math has you given all a pretty strong reason to hold Cypress Shares ..REAL TIGHT going forward..