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50.0¢ essential metals limited

NST and Acra Venture Quarterly, page-20

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mwilson80

265 Posts.

28/04/17

13:20

Post #: 24330657
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Originally posted by w27 ↑

My calculation is about three times yours. That calc was endorsed by John Downes, the leading world expert on caesium formate, on this site. John Downes posted here as "themanfromwelo". I think you are referring to capital cost of extraction. This would be very low, probably not more than $2M. The mining would be by contract and direct ship. Crush and possibly screen, ship out in containers. The cash cost should be below $200 a tonne, so costs are nearly irrelevant.

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Costs are highly relevant to a cash burner like PIO, in ground resources are not worth much if the company cannot afford to get it out. Do I smell a cap raising and a share blow out?

PIO Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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