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0.00% 11.5¢ calidus resources limited

Ann: Global lithium producer SQM takes 40% in Pirra Lithium, page-24

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  1. Dazedandconfused
    7,585 Posts.
    lightbulb Created with Sketch. 2098
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    23/10/23
    14:02
    Post #: 70485460
    Hi Jonnyash

    Happy to be corrected if I am wrong. The way I understand it is ....

    As a pit is deepened a certain amount of waste rock is included in the feed from the periphery. An ore body is surrounded by a halo of lower grade but the boundary is indeterminate. The deeper the pit, the more defined the ore body and the lower the strip ratio..... the less dilution.
    CAI Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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