the 10MT resource is graded at 1.28% not 1.6%?
I feel that the report is a bit fluffed up and would have liked to see a more conservative copper price for the resource estimate. They also used a CU price of $10,000USD/T for this estimate, it hasn't even reached this price yet. Is this the reason for the sell off initially?
At the 1% cutoff its ~ 5.6MT @ 1.6-1.7% grading scrolling through the report
Ann: 10Mt @ 1.3% Cu Mineral Resources at Namibian DorWit Project, page-16
Add NRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $6.352M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.3¢ | $70.45K | 5.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 350907 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 832000 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NRX (ASX) Chart |