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12:31
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Originally posted by Jayse
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The 1000 year mine life is based on the truck load of V that is in the ground that has been loosely worked out since speewah, I have never forgotten it since I was first alerted to it but seeing as though you have asked the question I have run the figures again based on the new doubled output potential per annum (meaning we will go through it quicker than the original 1000 years of course) that can be mined now at a lower cost and more efficiently . So we have a 4.7 billion resource divided by 12 million tonnes per annum and that give us a mine life of 392 years. That will do... Even if they do a 15th of this meaning around 30 years.. the company and all its shareholders are going to be very very wealthy indeed. The 99.5% that we are hoping to get is only increasing the profits of all this enormously, not just on the triple value going from US$41,655 to US$124,965 per tonne, but being able to access the emerging renewables market also and the difference between the benefits of V vs Lithium is there for all read up on. If you are mining 12 million tonnes per annum and this is going on for 392 years.. I can only say that my calculator only has 12 digits. All these figures will of course be in the scoping study and a significant re-rate will inevitably be the result, I only hope that the guys doing the scoping study have a bigger calculator than I do. As a long time shareholder, couldn't be more happier with the direction we are heading.
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My gut is telling me that the SS is just around the corner! All KRC have to do is achieve the purity and commence the SS. Don't forget KRC also has the strong possibility of owning over 10,000km's2 of high grade gold & silver projects, so all in all we are just scratching the surface with KRC's MC value.
