Grade discrepancy, page-76

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manhhoang

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16/11/17

01:09

Post #: 28834220
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Originally posted by zenmammon ↑

Dearie me. So there's a dogma here that cannot be challenged ?? And if someone does they get smashed by what are tantamount to bullyboys in an authoritarian dictatorship.

Anyway I have just read SparkyR's emails from BB for the first time. Thank you Sparky.

I see the estimated cobalt production is now 2.5kt per annum, down from 3kt in the prezzos?? Why is the CEO now diverging from the official company presentations?

Interestingly 20 years at 2.5kt equals 50Kt. Aha. 89Mt at 0.056% also generates almost exactly 50mt.

But see, the prezzos imply all 20 years at 0.11%, not at declining grade, the latter implied in the CEO's correspondence with Sparky !!!! And they also say annual production of 3kt not 2.5kt, altho this latter discrepancy is less significant. My research and that of others suggests that 0.1% is kind of the cut-off between low grade cobalt and better than low grade. So it seems to me the company in its Sconi presentations has steered clear of the fact that Sconi is actually low grade when you look across the whole 89mt. They've tried to create the impression it can produce 3kt @ 0.11% for 20 years. But that is NOT possible based on the stated resource. And what would falling grade imply for production cost and profitability??

Id be delighted to be proved wrong.

Frankly IMHO it's outrageous.

And all you bullyboy headkickers in this forum who like to intimidate others with your aggressive and ridiculing attacks don't deserve a voice on HC. And we will all know who you are when you attack this post in your predictable ways. If you cant engage in rational, logical and respectful debate, you are really just polluting the forum for others.

Zen

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You said that you read Ben's email and the presentation; but I think you don't read of some words below:
"At least"; "average".
And you don't understand how "Cobalt" different from "Cobalt Sulphate" and why Cobalt sulphate has 20% of Cobalt?
I suggest you print out hard copy for the presentation and Ben's reply; then highlight some words in the quote above.
Read the presentation and the reply 4-5 times or read as much as you can until you understand them, so you will get your answer.

AUZ Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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