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 · PIPY25-08 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
$107.98
across 19.5 metres
Nugget — precious-metal value
$107.98 /t
100% of total value · base metals $0.00/t
Residual — net realizable value
$57.19 /t
gross $107.98 → recovered $97.19 − cost $40.00
Au
87.8%$94.84/tAg
12.2%$13.14/tEquivalent Grades
| Metal | Input Grade | $/tonne | Eq. Grade | Gram-m |
|---|---|---|---|---|
| Gold | 1 g/t | $94.84 | 1.139 g/t | 22.1 |
| Silver | 12.2 g/t | $13.14 | 100.260 g/t | 1,950.1 |
| Platinum | — | $0.00 | 3.410 g/t | 66.3 |
| Palladium | — | $0.00 | 3.463 g/t | 67.3 |
| Rhodium | — | $0.00 | 0.337 g/t | 6.5 |
| Copper | — | $0.00 | 1.053 % | 20.5 |
| Zinc | — | $0.00 | 3.827 % | 74.4 |
| Nickel | — | $0.00 | 0.657 % | 12.8 |
| Lead | — | $0.00 | 4.998 % | 97.2 |
| Antimony | — | $0.00 | 0.485 % | 9.4 |
| Tungsten | — | $0.00 | 0.030 % | 0.6 |
| Lithium | — | $0.00 | 0.392 % | 7.6 |
| Tin | — | $0.00 | 0.238 % | 4.6 |
| Cobalt | — | $0.00 | 0.310 % | 6.0 |
| Molybdenum | — | $0.00 | 0.245 % | 4.8 |
| Uranium | — | $0.00 | 0.057 % | 1.1 |
| Iron Ore | — | $0.00 | 97.039 % | 1,887.4 |
| Gallium | — | $0.00 | 380.697 g/t | 7,404.6 |
| Total | $107.98 |
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.