I reckon that using a 1% Ni cutoff would result in a mineable (underground) body that is around 3m wide at best, and less than a million tonnes with a grade of around 2% nickel with some additional value from copper and not so much from cobalt. Even if the drillout of VC7 results in a million tonnes at 2% nickel the value of the metal contained would be short of the billion dollar number that is needed to justify the SP presently. I just cannot see that mining 1% underground would make any money. If the calculated resource at VC7 is in the 1% nickel range it will not mean much. Azure needs to drill their additional targets at Andover and get cracking on that straight away.
- Forums
- ASX - By Stock
- AZS
- Ann: Andover Continues to Return High Grade Nickel and Copper
Ann: Andover Continues to Return High Grade Nickel and Copper, page-23
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online