Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

Click for more information

0.00%

20.0¢ firefinch limited

looks like a 50mT+ deposit, page-94

First 94 Last

Share
Profile

Follow
tomac

551 Posts.

71

13/10/16

19:27

Post #: 19843637
Share

Originally posted by michaelbond89 ↑

I would't get too caught up in the tonnage numbers to be honest. Obviously for BGS a 50mt resource close to the surface will lower our open significantly.

I do see these huge resources being found all over the world (Western Aus, europe, South america) boasting 200mt and 400mt resources but the grade is horrible. Just look at EMH in Europe for example, inferred resource of something like 350mt.

Nemaska is around 1.5% grade so they should be ok and getting to the market early will help them no doubt. I just fear for these sub 1.5% with huge resources... All you have to do is look at their cut-off grades as well. A large West Aus released 193m on intercepts today at a cutoff grade of >.5%.

BGS resource may seem smaller compared to others but at a cut off grade of >1% it is fair more economical than others and this has to be considered.

Expand

Good point.
I know why my investment focus is BGS

BGS Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ORP

Orpheus delays drilling at South Australian play Frome, on traditional owner advice

Emerald & Azure score Digger & Dealer awards

LVH

Livehire sees share rocket 91% on takeover bid by Humanforce

IR1

IRIS Metals sniffs 75 metres of lithium in South Dakota, pushing share price up 9.99%

Bitcoin: Current State of Play & Where to Next | Swyftx

There are more pages in this discussion • 13 more messages in this thread...

First 94 Last

Add FFX (ASX) to my watchlist