Probable Reserves and In-situ Valuation

Silicon (silicon dioxide - SiO2)

Depth	90	m.
Length	740	m.
Width	540	m.
Volume	35,964,000	m3
Density	2.65	gr/cm3
Total Reserves	95,304,600	ton
Price per ton	130.00	$
Market value	12,389,598,000	$

In mining, in-situ valuation represents the estimated worth of a mineral deposit while it remains in the ground, before any extraction or processing occurs. This valuation is a critical factor for investors as it provides a preliminary assessment of the asset’s potential economic value. It is determined by analyzing the estimated reserves, mineral grade, and overall quality of the deposit, combined with market prices and projected extraction costs. A comprehensive geological and economic assessment further refines this valuation, ensuring that the resource can be extracted profitably.