Forget the phrase "sitting on a gold mine" what about "sitting on a Rhenium mine"
Rhenium? What I hear you say? Never heard of it? Fair enough then hey?
POG US$850.00 OUNCE
Price of Rhenium US$5700 / pound = $356.00 OUNCE
Conversion 16 ounces in a pound
Therefore on $ value
2.47 grams of Re = 1 gram of Au
Fundamentals for Re about to explode because of the airplane industry's necessity to reduce fuel consumption.
Add a little civil unrest in Kazakhstan perhaps down the track to the recipe and let it simmer for a month or 2?
Hmmmmm.... KAMBOOM!!!
Lets do some maths shall we?
Maybe this will Mr Market understand a little about our mate Kings?
Hole K1
62 metres @ 3.8 grams Re = 62 metres @ 1.6 Au Eq
Hole K17
7 metres @ 7.5 grams Re = 7 metres @ 3.1 Au Eq
Hole K18A
15 metres @ 3.9 grams Re = 15 metres @ 1.6 Au Eq
24 metres @ 3.7 grams Re = 24 metres @ 1.5 Au Eq
AND Hold K19...wait for this one fellows
329 metres @ 3.4 grams Re = 329 metres @ 1.4 Au Eq!
Yes thats 329 metres @ 1.4 Au Eq! Most gold explorers would dream of those results!
More I hear you say? Yes OK not a problemo,
Hole K20
73 metres @ 6.5 grams Re = 73 metres @ 237 Au Eq
Plenty more as well !
Check K23, K21
Hole K29
21 metres @ 3.4 grams Re = 21 metres @ 1.4 Au Eq
Am I missing something here fellas` ???
Are those figures flawed?
Gold explorers would dream of getting Au hits like those?
- Forums
- ASX - By Stock
- KMN
- my little friend called mr rhenium....whoooosh
my little friend called mr rhenium....whoooosh
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KMN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online