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8.11%

3.4¢ cyprium metals limited

Ann: Maroochydore Cu Co Project Initial RC Drilling Results, page-8

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yuyu52

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14/02/22

11:14

Post #: 59551124
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Originally posted by DDBB: ↑

Excellent grades, resource is shallow meaning open cut pit and resource is extensive. Yep, 0.5% economic at current copper prices. So this is WAY economic. Remembering that there is currently 0.5 m tons of copper as per the old JORC. So if this is doubled, which is quite possible, that's a resource with a value of something like $8 billion.

Cobalt endowment grows substantially as well by the looks. Average grades in old JORC was 380 ppm so having grades of 775 ppm is excellent. Old JORC was 18,500 tons of contained cobalt so this might be a doubling of that. Cobalt price per ton is currently $55,000 so if we are looking at 40,000 tons that's over $2 billion sitting in the ground if that's the case. No reason not to think that it will double with these grades IMO.

Nice. If ya don't think this is economic you've got rocks in yer head lol !!

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CYM will release a revised mineral resource estimate once all the assay are done.

cant wait.

CYM Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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