from willowpip

A few months old but interesting stats

"Stock market cap resource grade total in situ tonnes

ZRL $18 mill 27.5 mill tonnes 0.94% 267,000
DML $386 mill 51 mill tonnes 1.5% 750,000
CDU $291 mill 30 mill tonnes 1.24% 371,000
SFR $958 mill 9.62 mill tonnes 5.5% 553,000"

I believe its all opencut to and they intend to produce a 30% concentrate also the bond mill index is low.
Guess what it has against it is higher country risk although majors like Glencore are there . Probably isues with infrastructure power is in short supply in Zambia and rail is in a dismal state.
Also we dont know the strip ratio and grade is of a lower tenor than peers with no metal credits.

Strange they are going for a mining licence with out even a scoping study being done or at least I cant find one.