RE: have Cu, especially in the feeder zone.Ok, traps7, you seem to know what you are talking about, so tell me if I'm on the right track here. I've been playing with the numbers, based on what you are saying and what BAY has released. From the EM map they released, it looks like the area of the EM anomaly they are drilling is about 2.2km by 250m. From this message, it sounds like you feel they've hit what they are looking for across about 100m of depth.
Assuming 1% Cu to be economical, and the current price of Cu being $9,678 USD per ton.
Assuming 9.6% Zn, and a current price of Zn being $3,644 per ton
Assuming 3.4% Pb, and a current price of Pb being $2,330 per ton
Assuming the weight of 1m3 of stone to be 1602kg
The volume of the mine would be 55mill m3. The mass of the stone in the mine would be 88bill kg.
The value of the Cu would be about $8bill USD.
The value of the Zn would be about $30bill USD.
The value of the Pb would be about $7bill USD.
Total value of the mine would be about $46bill USD, or $60bill CDN. $352 CDN per share.
I know there are a lot of "what-ifs" in these calculations. Maybe the resources isn't as big as this estimate (although I feel I've been conservative). I have not calculated in AISC, but even if it was 30%, that would still leave a significant profit.
Traps7, I would value your input. Let me know if I'm on the right track, or wildly off.
traps7 wrote: .......every cu,.geologist Dreams, ...of hitting a feeder zone when drilling..
..The feeder zone,..Knowen as the source,..The home run...
..Bay's Trick, seems to have been found around the the 280m mark,..just guessing, looking at core from hole #3..Not seeing holes 1&2 so seeing hole 33 in core sample first hitting at the 185m mark which reflected the Magnetci image being highest intensity .
..just thinking, if holes 1&2 we"er cross cutting anomaly ..then hole #3 would in-fact have been drilled into a better target after seeing Bore Hole survey"s from holes 1&2
..No sign of hole #4,..but we do see hole #5..Hole # 5 hitting at the 300 m mark same as hole #3 both showing calchopyrite..
..Hole 6,..and hole # 7 now complete both targeted the Feeder zone area looking fore size.
..Hole # 8...Starting .latest Tweet,. .Find the Trick.....
.....Typically, SEDEXs are hosted in black shale and/or carbonate. They form from warm hypersaline fluids (~200°), that are usually oxidized (some deposits are reduced), where metals are held in chlorine complexes. The mineralization is usually layered/stratiform/stratabound. Typically only Zn+Pb mineralization, though some deposits have Cu, especially in the feeder zone. They form very big (100 mt+) deposits, but not in camps. More single large deposits spaced very far apart (20-50km) in belts. Typical setting is passive margin/failed rift/sag basin. Alteration is more subtle due to lower temperature of ore fluid - typically just carbonate.