When you say “A lot” tighter, I presume this is say, circa +/-10-15% (half the range Lake currently have, “a lot”) this would be more appropriate for a DFS. But you should know that. Common knowledge and all.
Actually, I’ve got a moment, I’ll help you with your first reference.
”Preliminary Studies are accurate to ± 25-30% and are typically obtained by factoring known unit costs and estimated gross dimensions or quantities once conceptual or preliminary engineering has been completed.”
oh look, it suggests the range that Lake have stated (which would have been advised by Hatch) is on/around the same mark.
This is from a document published by Stantec Consulting, granted for hard rock - but relevant here also.
https://www.stantec.com/content/dam/stantec/files/PDFAssets/2014/Hard%20Rock%20Miner's%20Handbook%20Edition%205_3.pdf
I could always additionally refer to the documents my colleagues and I prepare for our clients - but quoting yourself seems a bit self absorbent.
However, 3 more minutes on Google yields other consultants and other reports showing similar ranges.
I suggest you might want to refresh your “common” knowledge.
- Forums
- ASX - By Stock
- LKE
- Ann: Kachi M&I resource update 2.2mT LCE 3.1mT Inferred resource
Ann: Kachi M&I resource update 2.2mT LCE 3.1mT Inferred resource, page-268
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LKE (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.2¢ |
Change
0.001(2.44%) |
Mkt cap ! $70.07M |
Open | High | Low | Value | Volume |
4.1¢ | 4.3¢ | 4.0¢ | $137.3K | 3.272M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 130536 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 251051 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 122000 | 0.041 |
7 | 466000 | 0.040 |
5 | 263775 | 0.039 |
8 | 522366 | 0.038 |
6 | 553081 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 159000 | 2 |
0.043 | 703408 | 7 |
0.044 | 568749 | 5 |
0.045 | 838013 | 11 |
0.046 | 417572 | 5 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
LKE (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online