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What is 0.3g/t of 300MT?

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Hi can someone tell me how much 0.3g/t equates to for 300mt? i.e. how many gramms for 300MT if 0.3g/t?
2m, 6d agoPosted 2 months, 6 days ago
Hi

can someone tell me how much 0.3g/t equates to for 300mt? i.e. how many gramms for 300MT if 0.3g/t?
2m, 6d agoPosted 2 months, 6 days ago
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In that context and with that capitalisation like that I'd suspect Mt is Megaton not metric ton. 300 million tons at 0.3g per ton is ninety million grams, or 90 tons.

Edited By: EndlessWaves on Dec 22, 2016 19:43

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(7)
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#1
its in your question 0.3 gram per tonne for each 300 metric tonne quaried or how good the mine is and the seam they are quarrying?
#2
squaredoggy
its in your question 0.3 gram per tonne for each 300 metric tonne quaried or how good the mine is and the seam they are quarrying?

I'm trying to work out the value of a mine. This is the information ... can someone break it down for me?

Initial estimates, by the Romanian exploration teams, related to the porphyry style mineralisation have indicated an exploration target of up to 3,000Mt of ore to a depth of 600m, at grades ranging from 0.4% copper ("Cu") and 0.3g/t gold ("Au") up to 0.8% Cu and 0.5g/t Au. The Romanian exploration team surmised that at a 10% conversion ratio from exploration target to a mineral reserve, the reserves may total 300Mt of ore and place it above the current operations of Cuprumin at Rosia Poieni.
#3
In that context and with that capitalisation like that I'd suspect Mt is Megaton not metric ton. 300 million tons at 0.3g per ton is ninety million grams, or 90 tons.

Edited By: EndlessWaves on Dec 22, 2016 19:43
#4
krazyasif786
squaredoggy
its in your question 0.3 gram per tonne for each 300 metric tonne quaried or how good the mine is and the seam they are quarrying?

I'm trying to work out the value of a mine. This is the information ... can someone break it down for me?

Initial estimates, by the Romanian exploration teams, related to the porphyry style mineralisation have indicated an exploration target of up to 3,000Mt of ore to a depth of 600m, at grades ranging from 0.4% copper ("Cu") and 0.3g/t gold ("Au") up to 0.8% Cu and 0.5g/t Au. The Romanian exploration team surmised that at a 10% conversion ratio from exploration target to a mineral reserve, the reserves may total 300Mt of ore and place it above the current operations of Cuprumin at Rosia Poieni.

​Is this dragons den or something?
#5
craigstephens
krazyasif786
squaredoggy
its in your question 0.3 gram per tonne for each 300 metric tonne quaried or how good the mine is and the seam they are quarrying?
I'm trying to work out the value of a mine. This is the information ... can someone break it down for me?
Initial estimates, by the Romanian exploration teams, related to the porphyry style mineralisation have indicated an exploration target of up to 3,000Mt of ore to a depth of 600m, at grades ranging from 0.4% copper ("Cu") and 0.3g/t gold ("Au") up to 0.8% Cu and 0.5g/t Au. The Romanian exploration team surmised that at a 10% conversion ratio from exploration target to a mineral reserve, the reserves may total 300Mt of ore and place it above the current operations of Cuprumin at Rosia Poieni.
​Is this dragons den or something?

Something like that :)
#6
EndlessWaves
In that context and with that capitalisation like that I'd suspect Mt is Megaton not metric ton. 300 million tons at 0.3g per ton is ninety million grams, or 90 tons.

Correct Mt is Megaton and correct figure quoted (Gold Star for Endless :) ). Taking this is a thought about an investment rather than a Geological question.

http://www.investegate.co.uk/vast-resources-plc--vast-/gnw/expands-romanian-mineral-footprint-through-acqu---/20161222163017H7540/

Edited By: cecilmcroberts on Dec 23, 2016 00:31
#7
cecilmcroberts
EndlessWaves
In that context and with that capitalisation like that I'd suspect Mt is Megaton not metric ton. 300 million tons at 0.3g per ton is ninety million grams, or 90 tons.
Correct Mt is Megaton and correct figure quoted (Gold Star for Endless :) ). Taking this is a thought about an investment rather than a Geological question. http://www.investegate.co.uk/vast-resources-plc--vast-/gnw/expands-romanian-mineral-footprint-through-acqu---/20161222163017H7540/

Yes. I calculated it at \$29 billion and thought I may have been wrong but looks like a good calculation here.

Thanks Endlesswave and all for your inputs.