what progress from bloking, page-14

Coburn's HM grade is 1.25%.

SFX's deposit is over 60 times the size, still open in all directions, no impurities, 6 times the grade at the same capex of $200m.

No brainer who the tie-up will be with.

MZI are further advanced tht GUN. They have halve the finance and offtakes done.

Mining sand at 3% is difficult. Mining it at 1.25% is dowright stupid. If you used GUNs numbers of 1.25%, halve of WA would be a chance. (Industry cutoff is 2.5%, 5 years go it was 3%.) DH was silly to even chase this dream.

Not here to give you bad news, just industry facts.

I dont own any WA sandminer including SFX.

P