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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 MMA · MSZ22-030 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
$477.72
across 7.0 metres
Nugget — precious-metal value
$0.00 /t
0% of total value · base metals $477.72/t
Residual — net realizable value
$389.95 /t
gross $477.72 → recovered $429.95 − cost $40.00
Cu
100.0%$477.72/t
Equivalent Grades
MetalInput Grade$/tonneEq. GradeGram-m
Gold$0.005.037 g/t35.3
Silver$0.00443.544 g/t3,104.8
Platinum$0.0015.085 g/t105.6
Palladium$0.0015.318 g/t107.2
Rhodium$0.001.490 g/t10.4
Copper4.66 %$477.724.660 %32.6
Zinc$0.0016.929 %118.5
Nickel$0.002.909 %20.4
Lead$0.0022.111 %154.8
Antimony$0.002.148 %15.0
Tungsten$0.000.134 %0.9
Lithium$0.001.734 %12.1
Tin$0.001.051 %7.4
Cobalt$0.001.371 %9.6
Molybdenum$0.001.083 %7.6
Uranium$0.000.252 %1.8
Iron Ore$0.00429.295 %3,005.1
Gallium$0.001,684.185 g/t11,789.3
Total$477.72

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.