PEX 2.38% 10.3¢ peel mining limited

highest tungsten grades in the world, page-4

  1. 34,178 Posts.
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    nice presentation just released on the ASX from looking at the drill intercepts seems to show the high grades were from the deepest intercepts so guessing bad from a open pit perspective as have to make the pit shell larger to get the high grade ore out however good from a resource perspective as the higher grades could continue at depth.
    Any way the grade makes HAZ look a bit over bought considering their lower grade resource and market cap.

    THe other thing its a relatively small resource but tungstan is free milling so not a lot of machinery required for CAPEX, crusher, mill, and Heavy meidia or gravity seperation of tungstan from the ore. Also the location would indicate no need for FIFO
 
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