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 EDCU · ZND0014 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
$23.58
across 189.3 metres
Nugget — precious-metal value
$0.00 /t
0% of total value · base metals $23.58/t
Residual — net realizable value
$0.00 /t
gross $23.58 → recovered $21.22 − cost $40.00
Cu
100.0%$23.58/t
Equivalent Grades
MetalInput Grade$/tonneEq. GradeGram-m
Gold$0.000.249 g/t47.1
Silver$0.0021.892 g/t4,144.1
Platinum$0.000.745 g/t140.9
Palladium$0.000.756 g/t143.1
Rhodium$0.000.074 g/t13.9
Copper0.23 %$23.580.230 %43.5
Zinc$0.000.836 %158.2
Nickel$0.000.144 %27.2
Lead$0.001.091 %206.6
Antimony$0.000.106 %20.1
Tungsten$0.000.007 %1.3
Lithium$0.000.086 %16.2
Tin$0.000.052 %9.8
Cobalt$0.000.068 %12.8
Molybdenum$0.000.053 %10.1
Uranium$0.000.012 %2.4
Iron Ore$0.0021.188 %4,011.0
Gallium$0.0083.125 g/t15,735.6
Total$23.58

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.