Groups

# What is 0.3g/t of 300MT?

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?

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?

Original Poster

squaredoggy

its in your question 0.3 gram per tonne for each 300 metric tonne quaried … 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.

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" 22nd Dec 2016

krazyasif786

I'm trying to work out the value of a mine. This is the information ... … 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?

Original Poster

craigstephens

​Is this dragons den or something?

Something like that

EndlessWaves

In that context and with that capitalisation like that I'd suspect Mt is … 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.

investegate.co.uk/vas…40/

Edited by: "cecilmcroberts" 23rd Dec 2016

Original Poster

cecilmcroberts

Correct Mt is Megaton and correct figure quoted (Gold Star for Endless 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.