what the hell's going on!, page-22

  1. 2,144 Posts.
    Just an inaccurate, add up the copper values and divide by for an average of copper and you get 0.25% copper.

    EQN which is low grade, mines 0.7% with huge throughput. Any person who promotes this, on this site is trying to rip others off. Just imaging trying to get finance on 0.25% copper.

    A lot of people on here pulled this stunt talking people into selling SFR and buying CDU and those who took that advice are out of pocket by about 2 to 4 dollars a share. I am one of them

    Toxic Bob, someone thought, started this copper equivalent thing and it's a FURFY.

    You have to be able to extract each and every grain of metal for those figures to mean anything

    158 metres at 0.24 copier
    26 metres at 0.26% copper
    Gold 10 parts pre million average
    Cobalt 275 parts per million
    Silver around 6 parts per million
    Mo 160 parts per million
    U3O8 157 parts per million.

    In this low grade ore, how are you going to, for example extract Gold at 10 parts per million. Where would you borrow money to build the plant.

    I think you need to go onto Google and look up the gentleman I referred to above. There is some very intresting information.

    If a grade of metal goes below what is worth mining then including it as copper equivalent is fraudulent.

    Guys take note of the people who quoted this and in future treat their postings with extreme caution

 
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