EMR emerald resources nl

This slide is amazing. They massively underestimated the ounces...

  1. 9,212 Posts.
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    This slide is amazing. They massively underestimated the ounces in the oxide layer before doing grade control drilling. There is almost no waste in that top few metres. That and the fact oxide will be soft and should allow the plant to run over stated nameplate means we should get some very strong early cashflow.

    The other important aspect is that this continues down to 25m in the oxide and fresh with them estimating as previously reported a 22% grade up lift in the same tonnes. If this applies to the whole deposit it hugely benefits metrics.

    https://hotcopper.com.au/data/attachments/2973/2973004-e765da4f941e798e74c3cf82c1fb8cbf.jpg


 
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