Something I've mentioned here but it doesn't seem to get much attention is the high percentage of +50 mesh in the Uley deposit.
The 31 March report states 1/3 50+, 1/3 80+ & 1/3 100+. Based on the Focus presentation the 50+, refined to 99%, is worth $45,000 a tonne on the spot market at present.
Do the numbers x 1.3m tonne...........
Discount 50% for waste in processing and you still get $3B from 1/3 of Uley.
Is that too simple or is this a very serious resource?
Something I've mentioned here but it doesn't seem to get much...
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