gross unit value

gross unit value

[¦grōs ′yü·nət ‚val·yü]
(mining engineering)
The weight of metal per long or short ton as determined by assay or analysis, multiplied by the market price of the metal.
References in periodicals archive ?
The gross unit value of the entitlements provided on the statement will be subject to reductions for the National Reserve modulation, etc, and the final value of the entitlements will be determined later in the year.