CFR cluff resources pacific nl

news coming, page-6

  1. 1,047 Posts.
    You gained a zero along the way... 12.3g/t = 61500g/5000t

    Still, mining a 15000 tonne stockpile of material over the first three months at that grade at $2500/ounce (is that the current figure?) would translate into around $15m worth of gold... without taking costs into account.

    That'd be a very nice starting point for them to finance further operations from if you ask me.

    Also keeping in mind that this kind of gold mining becomes economically viable from as little as 1g/t, so this is all looking very good.

    Let's see if this afternoon or tomorrow (it may take some time for the market to digest) sees more buyers flowing into CFR.
 
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