Also in RNU, where they state their resource is both near surface and flat-lying in orientation, both of which assist in lowering Opex. Their preso profile graphics use 50 m intervals so are a little hard to compare with CRL's. Trying to work out the underlying numbers, given CRL's graphite is a Maiden and inferred resource. Most of the CRL high-grade graphite appears after 20 m in depth - does this mean big strip ratio and higher Opex? Appeared as an appendix in the last quarterly - how much focus are they going to be able to give this site when only recently it was all about gold and copper? On the surface CRL's Springvale numbers seem impressive, just want to see if it is all talk and no walk.
CRL Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
