AVZ avz minerals limited

Running discussion on SP, page-1326

  1. 2,203 Posts.
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    Rough check.

    Very crude big triangle of height 450m (left top start to MO18DD07 hole) and 400m base (roughly of MO18DD007) and 200m between 6900 and 7100 = 450m x 400m x 200 / 2 = 18,000,000 m3 (close to yours).

    If spod is 3.11g/cc or 3.1 tonnes/m3, that's roughly 50 million tonnes of spod at 1.5%.
    At 1.5%, you need say 5 tonnes to make each tonne of concentrated 6% spod, so we get 10 million tonnes of 6% spod (similar to Scarpa).
    Selling at $900 per tonne = $9 billion without LCE plant.
    All very approximate.
 
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