Grid Metals Corp V.GRDM

$6billion in ore value identified in four projects

[Mookster3]

With the Bannockburn drill results just released this morning, my back of the envelope calculation shows 50mm tonnes (700m strike x 100m width x 250m open pittable depth x 2.8 specific gravity) at 0.28 % Ni. which totals 2.7 $B in ore value.  GRDM now has over 6 $B in ore value identified in four projects, yet the market is only assigning GRDM an enterprise value of 3 $mm, and these are all battery metals, to boot.  Seems bizarre.  

 
Ore Value Calculation

	Price (US$)	GRD      Mayville lithium (4 mmt )		GRD Bannockburn    (50 mm t)		GRD Mayville  Cu (33 mm t)		GRD  Makwa Ni  (7 mm t)
	oz/lb	%	$/t	%		%-g	$/t	%-g	$/t
Pd	$1800			?		0.14	9	0.36	23
Pt	1000			?		0.05	2	0.10	4
Au	1800			?		0.05	3
Cu	4.00			?		0.45	36	0.13	10
Ni	9.00			0.28	50	0.18	32	0.61	108
Co	20.00			0.01	4			0.01	4
LiO2	4.00	1.3	100
Total ore value $/t			$100		$54		$82		$149
Total deposit ($B)			$0.4		$2.7		$2.5		$1.1
GRD Market Cap			$12mm
Cash			$9mm
Enterprise value			$3mm

[Proinvest2020]

Nice to see some positive action on the grid... I've been wondering why the market values it so low as well.  little chatter on this board as well.  Nice to see your post.  Pro

[shortsighted905]

...long time lurker... agree, nice to see the uptick