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 EPL · AF74O05-0016 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
$341.47
across 0.3 metres
Nugget — precious-metal value
$0.00 /t
0% of total value · base metals $341.47/t
Residual — net realizable value
$267.33 /t
gross $341.47 → recovered $307.33 − cost $40.00
U3O8
100.0%$341.47/t
Equivalent Grades
MetalInput Grade$/tonneEq. GradeGram-m
Gold$0.003.600 g/t1.1
Silver$0.00317.045 g/t95.1
Platinum$0.0010.783 g/t3.2
Palladium$0.0010.950 g/t3.3
Rhodium$0.001.065 g/t0.3
Copper$0.003.331 %1.0
Zinc$0.0012.101 %3.6
Nickel$0.002.079 %0.6
Lead$0.0015.805 %4.7
Antimony$0.001.535 %0.5
Tungsten$0.000.096 %0.0
Lithium$0.001.239 %0.4
Tin$0.000.752 %0.2
Cobalt$0.000.980 %0.3
Molybdenum$0.000.774 %0.2
Uranium0.18 %$341.470.180 %0.1
Iron Ore$0.00306.860 %92.1
Gallium$0.001,203.855 g/t361.2
Total$341.47

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