http://sa.iguana2.com/cache/847aae873fcc4ea9a2186cfc4190f7a7/ASX-CAV-363088.pdf
The grade is about 0.4% or 8.8 lbs/tonne or the value in Situ is US$237/tonne based on M0S2=US$27.00
That grade looks very good (Even 0.08% is widely accepted by other companies); now we need to drill to get a Jorc estimate.
CAV have been busy in Brazil where they have been studying deposits for a year or so.
They now have 3 Iron ore deposits, 2 gold deposits and now Moly.
Investors are now waiting for the 1:1 option and I believe that interest could be high.
Come to think of it, CAV keeps its investors well informed considering the timing of its major announcements.
Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
acquires moly deposits
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