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Bullboard - Stock Discussion Forum Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade critical and precious metal deposits. It is engaged in exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. It is also in advanced stages of negotiation on other lands with high-grade critical metals potential in... see more

TSXV:BAY - Post Discussion

Aston Bay Holdings Ltd > Storm 2200N
View:
Post by BAYWatch on Nov 02, 2022 11:33pm

Storm 2200N

2750N is gigantic. But 2200N is also not a pipsqueak.
 
On page 6 & 7 of
 
https://www.americanwestmetals.com/site/pdf/cc19e49f-6ad2-4a84-a1df-b042d49f38fb/HighGrade-Copper-Hits-Continue-at-Storm.pdf
 
it is written, regarding 2200N Zone.
 
"... 6.4m @ 7.38% Cu from surface and 22.35m @ 1.56% Cu from 22.9m downhole...."
 
"...Drill hole and geochemical data indicate that the main part of the 2200N Zone may be up to 300m long, 60m wide and 40m thick."
 
300m x 60m x 40m = 720,000 cubic meters. 
 
Say copper mineralization is 2%, 720,000 x 0.02 = 14,400 cubic meters of copper. 
 
Weight of pure copper per cubic meter is 8960 kg/cubic meter. 
 
14,400 x 8960 = 129,024,000 kgs. 
 
2.2 lbs/kg. 
 
129,024,000 x 2.2 = 283,852,880 lbs 
 
Oct. 31/22 copper was selling for $3.37/lb. 
 
283,852,880 x 3.37 = $956,583,936. 
 
Bay is in for 20%, $191,316,787.20. 
 
About $1.30 per share.
 
That is based on a 2% grade on that one deposit, 2200N.
 
Four more to be drilled. 
 
Comment by traps7 on Nov 03, 2022 11:34am
BayWatch,..your calculations look rate on here..I use the old back of cuff formula, using 11.7 cu.ft which equals one ton..The end results are very close to the copper weight.. ..PS,..the 4750 area has twice the foot print and higher grades...The new discovery  # 10 hole plate site below here and larger then the surface foot print.. ..PS..I was told my 450,000 tons x $7500. per ton posted ...more  
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