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 ONYX · MC25-257 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
$834.63
across 1.2 metres
Nugget — precious-metal value
$834.63 /t
100% of total value · base metals $0.00/t
Residual — net realizable value
$711.17 /t
gross $834.63 → recovered $751.17 − cost $40.00
Au
100.0%$834.63/t
Equivalent Grades
MetalInput Grade$/tonneEq. GradeGram-m
Gold8.8 g/t$834.638.800 g/t10.6
Silver$0.00774.925 g/t929.9
Platinum$0.0026.355 g/t31.6
Palladium$0.0026.763 g/t32.1
Rhodium$0.002.603 g/t3.1
Copper$0.008.142 %9.8
Zinc$0.0029.577 %35.5
Nickel$0.005.082 %6.1
Lead$0.0038.631 %46.4
Antimony$0.003.752 %4.5
Tungsten$0.000.234 %0.3
Lithium$0.003.029 %3.6
Tin$0.001.837 %2.2
Cobalt$0.002.396 %2.9
Molybdenum$0.001.893 %2.3
Uranium$0.000.440 %0.5
Iron Ore$0.00750.029 %900.0
Gallium$0.002,942.474 g/t3,531.0
Total$834.63

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