CTM 0.59% 42.8¢ centaurus metals limited

Ann: Drilling Confirms Significant Ni-Co Discovery at Itapitanga, page-188

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  1. 9,081 Posts.
    lightbulb Created with Sketch. 4023
    Honestly anyone who couldn't do their own calcs after initial holes and extrapolate to a resource number and then panic sells due to reading that "chat" probably shouldn't have been here in the first place.

    Assuming that the Southern Target comes back similar it gives us 5km strike x 500m width x 12m depth. That gives 30m cubic metres. Now @nihilism said that saprolite had an SG of 2 (which is pretty light) but that would still give us 60Mt at reasonable grades.

    Not many companies worth 30m with a 60Mt resource or 40Mt for that matter. Again this all assumes no value for Pebas or Salobo. A delay in drill licence doesn't mean Salobo has no value.

    Also as a shareholder I want open comms not them to hide stuff as it might make some HC posters sell lol.
 
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