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Bullboard - Stock Discussion Forum Hercules Metals Corp V.BIG

Alternate Symbol(s):  BADEF

Hercules Metals Corp., formerly Hercules Silver Corp., is a Canada-based exploration company. The Company is focused on developing Idaho's newest copper and silver district. The 100% owned Hercules Project, located northwest of Cambridge, hosts the recently discovered Leviathan porphyry copper system. The Hercules Property represents 8,850 acres consisting of one patented lode claim, 416... see more

TSXV:BIG - Post Discussion

Hercules Metals Corp > Some math
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Post by Retiredgeo on Jan 23, 2024 7:16am

Some math

I am fascinated by that Bornite blanket. Just how extensive is it? It has been encountered in all 5 holes over a 500x400 m area. It may extend well off BIG's property. It may be exploitable as a stand alone deposit be it open pit and/or ramp and/or shaft.  If the porphyry is deep, and it may well be, this Bornite blanket may become thee target of the region.

Suppose the porphyry has a density of 2.7 g/cm (2,700 Kg/m3).

Suppose it is grading 0.5% Copper by weight = 135 Kg/m3


Suppose the Bornite blanket it is 2000m x 2000m x 45m thick = 180,000,000 m3

135 x 180 million = 24.3 billion Kg of Copper or 24.3 million metric tons of Copper

At $8000 USD/ton = 194 billion USD gross metal value.  That would interest the majors!!!  That would interest Rio Tinto.

I have my eye on the Bornite blanket and I doubt that I am alone.  Maybe the porphyry isn't the prize after all.  It is still the very early days of this exploration programme.  It is hard to predict how it will twist and turn.

No, my shares aren't going anywhere.
Comment by Retiredgeo on Jan 23, 2024 7:27am
Please change "Suppose the porphyry" to "Suppose the porphyry and surrounding rock".  We already know that the Bornite blanket is not confined to the observed Quartz porphyry.  The Copper soil geochem anomalies to the SE hint that it may be extensive.
Comment by 5oceans on Jan 23, 2024 3:11pm
Value your math and over all analises. please keep it up. Thank you.
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