Morning briefing — free market intel before the open
Tool

Drill Calculator

Translate any polymetallic drill intercept into a dollar value per tonne. Live spot prices across 18 metals — adjust any input, switch currency, and read the precious-metal share (nugget) and net realizable value (residual).

Loaded from FVL · GS2556 drill result — edit any value to model your own scenario.
Spot Prices (editable)
Display currency:
Enter Drill Intercept
Estimate — Mo is thinly traded on LME. Industry valuations typically use Platts/Argus dealer oxide prices, which may differ from generic spot.
Recovery & Costs (editable assumption)

Used for residual (net) value below. Defaults are industry starting points — override for your deposit.

Total Value Per Tonne
$1,822.91
across 24.7 metres
Nugget — precious-metal value
$1,822.91 /t
100% of total value · base metals $0.00/t
Residual — net realizable value
$1,600.62 /t
gross $1,822.91 → recovered $1,640.62 − cost $40.00
Au
100.0%$1,822.91/t
Equivalent Grades
MetalInput Grade$/tonneEq. GradeGram-m
Gold19.22 g/t$1,822.9119.220 g/t474.7
Silver$0.001,692.507 g/t41,804.9
Platinum$0.0057.562 g/t1,421.8
Palladium$0.0058.453 g/t1,443.8
Rhodium$0.005.684 g/t140.4
Copper$0.0017.782 %439.2
Zinc$0.0064.598 %1,595.6
Nickel$0.0011.099 %274.1
Lead$0.0084.374 %2,084.0
Antimony$0.008.195 %202.4
Tungsten$0.000.511 %12.6
Lithium$0.006.615 %163.4
Tin$0.004.012 %99.1
Cobalt$0.005.233 %129.3
Molybdenum$0.004.134 %102.1
Uranium$0.000.961 %23.7
Iron Ore$0.001,638.132 %40,461.9
Gallium$0.006,426.631 g/t158,737.8
Total$1,822.91

How to read this

  • Total value per tonne — the gross dollar value of the rock at current spot prices, before any recovery, mining, or processing cost. A real mine recovers 60–95% depending on metallurgy.
  • Nugget — the share of total value from precious metals (gold, silver, platinum, palladium, rhodium). Tells you whether it's really a precious-metals story or base metals dressed up by a high gold price.
  • Residual (net realizable) value — what's left after recovery and operating cost. Edit recovery % and cost per tonne to model your own deposit; this is the "real value," not the gross.
  • Equivalent grades — what the same total value looks like expressed as a single metal. Useful to compare polymetallic intercepts against a single-metal benchmark (e.g. AuEq, CuEq).
  • Gram-metres — equivalent grade × width. The standard junior-mining shorthand for intercept significance.
  • Spot prices are editable — override any number to model your own price deck. Live prices refresh hourly via Metals-API.

This calculator is for informational purposes only. It does not constitute investment advice or a valuation of any specific deposit, project, or company. Recovery rates, mining costs, processing costs, royalties, and metallurgy vary by deposit — residual value uses editable assumptions, not a deposit-specific study. Always read the original NI 43-101 or JORC report before drawing conclusions about a drill result.