@karmalocust
Glad someone bought this up.
It is all verified 100%, for me I don't bank this into RCP valuation yet, as its dependent on the NT mines dept to rehab it and well unless they get pressured to pull the finger out. Need more local pressure and from the major companies who have been paying a 1% levy from their env. bonds into the state rehabilitation fund which the NT gov has not utilised to clean up the sandy flats, some heads should roll in that department imo. But the maths add up on the value
Regarding the Copper Sulphate Pentahydrate (CuSO4.5H2O), which is the top premium copper product by price, this is indeed ideal for Glencore ops, probably through offtake with Sinoz who are the current suppliers https://sinoz.com.au/copper-sulphate/
Advantage for them: Location, independence from their over seas supply chain (China and Russia), dependable source and location really, product quality and no batching and mixing required. Its a very tight market with only other big player being Coogee chemicals in WA, so I would not be surprised if Sinoz wrap up 100% offtake in order to maintain market pricing etc.
Above: Probably one of the most important summaries for understanding the potential here of this single project.
ETR IS 14Kt to 20.9kt surface COPPER!
Below:
We are currently awaiting TSF JORC - I expect anyday now!! (point 2 & 3), from the sonic drill hole program
$32m sitting in the fund that should be used for its purpose! - https://dpir.nt.gov.au/__data/assets/pdf_file/0005/742568/DPIR-AR-2018-19.pdf
PAGE 86
All this before we look to the high exploration prospects contained in EL and ELA's. and with existing JORC on the breccias.
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