Morning briefing — free market intel before the open

Puma Exploration Inc. (PUMA)

Au intercept — WB26-198 at Lion Gold Zone

Company
Puma Exploration Inc.
Ticker
PUMA
Property
Lion Gold Zone
Metal
Au
Hole ID
WB26-198
Interval
130–147.8 m
Width
17.8 m
Grade
0.16 g/t
Gram-metres
2.85 g·m
Value per tonne (live spot)
$23
Precious-metal value (nugget)
$23 (100% of value)
Residual value (net, est.)
$0

Value per tonne is the gross in-situ rock value at today's spot prices, before recovery, mining, processing, royalties, or metallurgy — recomputed live on every page load. The nugget is the share of that value from precious metals (gold, silver, platinum, palladium, rhodium). Residual value estimates the net realizable value after recovery and operating cost — it assumes 90% recovery for precious metals, 85% for base metals, and $40/t operating cost; model your own assumptions in the calculator. Informational only; read the original NI 43-101 or JORC filing before drawing conclusions.