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Ann: Sybella Drill Assays Confirm New REO Discovery, page-76

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CORNBRED

263 Posts.

188

08/09/23

07:34

Post #: 69778970
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Originally posted by Thalamus: ↑

You appear to be correct on those figures. (Learning a bit here). But it looks like, from the chart, that the sulphuric acid concentration may be reduced even further as no drop in efficacy occurred when dropped from 20% to 4% . If it can be dropped to 1% the the cost of the acid drops to $3.50/t. The weathered rock in the top 20 metres, they have stated is easier to grind, ? less than $10/t cost. So you are looking at > $10/t in savings there. Definitely would need those 2 costs reduced.

Of course if more of the breccia zone rock can be found then the value of the ore jumps from $125/kg to $300/kg x the recovery 80% x your payability factor 75% x 0.33kg/t = $59/t minus the big costs of ore crushing <$10/t - acid $3.50/t. The margins here would be very good I would think.

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You make some fair points. Will continue watching this one to see what the next round of drilling unfolds, as you say more of the shallow breccia zone could be interesting..

RDM Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
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