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 GSKR · 2025-AID-016 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
$758.76
across 1.6 metres
Nugget — precious-metal value
$758.76 /t
100% of total value · base metals $0.00/t
Residual — net realizable value
$642.88 /t
gross $758.76 → recovered $682.88 − cost $40.00
Au
100.0%$758.76/t
Equivalent Grades
MetalInput Grade$/tonneEq. GradeGram-m
Gold8 g/t$758.768.000 g/t12.4
Silver$0.00704.478 g/t1,091.9
Platinum$0.0023.959 g/t37.1
Palladium$0.0024.330 g/t37.7
Rhodium$0.002.366 g/t3.7
Copper$0.007.401 %11.5
Zinc$0.0026.888 %41.7
Nickel$0.004.620 %7.2
Lead$0.0035.119 %54.4
Antimony$0.003.411 %5.3
Tungsten$0.000.213 %0.3
Lithium$0.002.753 %4.3
Tin$0.001.670 %2.6
Cobalt$0.002.178 %3.4
Molybdenum$0.001.721 %2.7
Uranium$0.000.400 %0.6
Iron Ore$0.00681.845 %1,056.9
Gallium$0.002,674.976 g/t4,146.2
Total$758.76

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.