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Ann: 102 MT INAUGURAL DREDGE MINING MINERAL RESOURCE ESTIMATE, page-5

  1. y0w4ll3t
    229 Posts.
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    31/03/21
    10:56
    Post #: 52165904
    I completely missed this in my analysis before, can someone correct me if I'm wrong, but isn't the tonnage here more than Atlas + Boonanarring? Is there just risk in getting these resources into reserves in time? The rule of thumb is 0.6 conversion rate right, or am I being too optimistic with this particular type of deposit, has anyone done the maths on what the conversion rates were on the previous deposits? I suppose maybe the conversion will be lower with the drop in cut-off grade if prices also fall.

    I don't understand the concerns about mine life at all if this deposit is available.
    IMA Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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