Further to my post today for accuracy sake I need to say that my rough US$ 300M ITG for Maibele ....unlike the JORC....does include a guesstimate amount for Cobalt content. (Basis very rough.....0.05% or say 500ppm, 1.1 (say) lb/t, $21.77 (now 22.77)/lb., say $24/t ore.) On this basis the Co on the preliminary 2.38Mt alone would be over $50M.
These are my figures and not necessarily 100% correct, like everything else.
Rgds.
Re:Commodities, page-2
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