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 NICN · PIPY25-04 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
$132.02
across 27.6 metres
Nugget — precious-metal value
$132.02 /t
100% of total value · base metals $0.00/t
Residual — net realizable value
$78.82 /t
gross $132.02 → recovered $118.82 − cost $40.00
Au
89.8%$118.56/tAg
10.2%$13.46/tEquivalent Grades
| Metal | Input Grade | $/tonne | Eq. Grade | Gram-m |
|---|---|---|---|---|
| Gold | 1.25 g/t | $118.56 | 1.392 g/t | 38.4 |
| Silver | 12.5 g/t | $13.46 | 122.575 g/t | 3,383.1 |
| Platinum | — | $0.00 | 4.169 g/t | 115.1 |
| Palladium | — | $0.00 | 4.233 g/t | 116.8 |
| Rhodium | — | $0.00 | 0.412 g/t | 11.4 |
| Copper | — | $0.00 | 1.288 % | 35.5 |
| Zinc | — | $0.00 | 4.678 % | 129.1 |
| Nickel | — | $0.00 | 0.804 % | 22.2 |
| Lead | — | $0.00 | 6.110 % | 168.6 |
| Antimony | — | $0.00 | 0.593 % | 16.4 |
| Tungsten | — | $0.00 | 0.037 % | 1.0 |
| Lithium | — | $0.00 | 0.479 % | 13.2 |
| Tin | — | $0.00 | 0.291 % | 8.0 |
| Cobalt | — | $0.00 | 0.379 % | 10.5 |
| Molybdenum | — | $0.00 | 0.299 % | 8.3 |
| Uranium | — | $0.00 | 0.070 % | 1.9 |
| Iron Ore | — | $0.00 | 118.637 % | 3,274.4 |
| Gallium | — | $0.00 | 465.429 g/t | 12,845.8 |
| Total | $132.02 |
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.