Thanks Eric,
So just to clarify, (for dummies like me), the release on the 24th of February noted:
lLateritic cobalt-nickel mineralisation at Kalpini is not presently part of the KNP Cobalt Zone. The existing resource at Kalpini is 75.0 Mt @ 0.044 % cobalt + 0.73 % nickel
(see Ardea Resources prospectus p.86).
That's where I got the 75MT from. From what your saying, the high grade area is within Kapini and and not the totality of Kalpini. So the drilling is cherry picking high grade areas. That is where my calculation is wrong.
BE
Largest cobalt resource with lowest valuation, page-858
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