DML just released a resource upgrade, below are the figures and its interesting to the note that they only have 19.2m tonnes that is Measured and Indicated, they arnt using the rest as an Inferred class and i can only guess that this is the case. DML's market cap is +$600m.
BTR have an Inferred resource also of 87m tonnes which should grow in tonnage but its the head grade of this resource thats likely to recieve the biggest bang up. DML carrying a very healthy 1.4% is very good. If BTR can get anything around 1.25% in grade we should see some fireworks for our share price. Resource upgrade should be in about 6 - 8 weeks
? New Plutus Mineral Resource is 87 Mt @ 1.4% Cu and 13.2 g/t Ag, a 29% increase over the 2010 Mineral Resource of contained 67.4 Mt@ 1.4% Cu and 14.7 g/t Ag.
? Measured and Indicated Mineral Resources are 19.2 Mt @ 1.4% Cu and 13.6 g/t Ag, a 66% increase over the previous tonnage.
BTR Price at posting:
$1.47 Sentiment: LT Buy Disclosure: Held
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