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23/06/05
13:41
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YES MATE
conquest mining
do you research
Ellendale 17 diamond pipe is a proven diamondiferous pipe
It contains 40mt of material - bigger then both of KIM's pipes - and is 20kms away
CQT have currently completed the bulk sampling and are now awaiting results from the lab to assign a head grade.
KIM av head grade is 6 carats per hunderd tonnes
CQT aim to achieve a higher grade of 8 - 11 c ph/t
A 8 c pht discovery = 3.2m carats at av price of $250 each thats an $800m discovery insitu
A 10% valuation puts the stock at $80m market cap - its now $15m
so theres your 5 bagger
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