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 CQX · J-8 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
$72.72
across 112.2 metres
Nugget — precious-metal value
$38.89 /t
53% of total value · base metals $33.83/t
Residual — net realizable value
$25.44 /t
gross $72.72 → recovered $65.44 − cost $40.00
Au
53.5%$38.89/tCu
46.5%$33.83/tEquivalent Grades
| Metal | Input Grade | $/tonne | Eq. Grade | Gram-m |
|---|---|---|---|---|
| Gold | 0.41 g/t | $38.89 | 0.767 g/t | 86.0 |
| Silver | — | $0.00 | 67.514 g/t | 7,575.1 |
| Platinum | — | $0.00 | 2.296 g/t | 257.6 |
| Palladium | — | $0.00 | 2.332 g/t | 261.6 |
| Rhodium | — | $0.00 | 0.227 g/t | 25.4 |
| Copper | 0.33 % | $33.83 | 0.709 % | 79.6 |
| Zinc | — | $0.00 | 2.577 % | 289.1 |
| Nickel | — | $0.00 | 0.443 % | 49.7 |
| Lead | — | $0.00 | 3.366 % | 377.6 |
| Antimony | — | $0.00 | 0.327 % | 36.7 |
| Tungsten | — | $0.00 | 0.020 % | 2.3 |
| Lithium | — | $0.00 | 0.264 % | 29.6 |
| Tin | — | $0.00 | 0.160 % | 18.0 |
| Cobalt | — | $0.00 | 0.209 % | 23.4 |
| Molybdenum | — | $0.00 | 0.165 % | 18.5 |
| Uranium | — | $0.00 | 0.038 % | 4.3 |
| Iron Ore | — | $0.00 | 65.345 % | 7,331.7 |
| Gallium | — | $0.00 | 256.359 g/t | 28,763.5 |
| Total | $72.72 |
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.