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 BBB · LM-26-318 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
$58.66
across 14.0 metres
Nugget — precious-metal value
$58.66 /t
100% of total value · base metals $0.00/t
Residual — net realizable value
$12.79 /t
gross $58.66 → recovered $52.79 − cost $40.00
Ag
100.0%$58.66/t
Equivalent Grades
MetalInput Grade$/tonneEq. GradeGram-m
Gold$0.000.618 g/t8.7
Silver54.46 g/t$58.6654.460 g/t762.4
Platinum$0.001.852 g/t25.9
Palladium$0.001.881 g/t26.3
Rhodium$0.000.183 g/t2.6
Copper$0.000.572 %8.0
Zinc$0.002.079 %29.1
Nickel$0.000.357 %5.0
Lead$0.002.715 %38.0
Antimony$0.000.264 %3.7
Tungsten$0.000.016 %0.2
Lithium$0.000.213 %3.0
Tin$0.000.129 %1.8
Cobalt$0.000.168 %2.4
Molybdenum$0.000.133 %1.9
Uranium$0.000.031 %0.4
Iron Ore$0.0052.710 %737.9
Gallium$0.00206.790 g/t2,895.1
Total$58.66

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.

Chat