CDV
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0.00% $1.08 cardinal resources limited

Positioning for Takeover or JV bid?, page-106

  1. Explacly
    675 Posts.
    lightbulb Created with Sketch. 23
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    28/11/19
    09:50
    Post #: 41677707
    Ha...No mate, this is not bulk low grade for a high price environment. Bulk low grade is 0.5g/t in a high POG enviro. Strip ratio at 3:1.

    This is bulk excellent grade 138.6 MT @ 1.13g/t Strip ratio 1.9:1 with a starter pit at 1.4g/t at 0.9:1 Strip Ratio. Especially that the first year and a bit of mining will cover Capex.

    This is not an average bulk low grade mine, this is mid-tier magic for whoever wants it first.

    CDV Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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