CBE 3.70% 5.6¢ cobre limited

Define economic? 4 results on the table10m @ 1.3% from 136m I...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,416 Posts.
    lightbulb Created with Sketch. 2024
    Define economic?
    4 results on the table

    10m @ 1.3% from 136m I would say that's questionably economical, if it extends to surface and can be included in an open pit then it's probably too thin to be economical, but possible.

    11m @ 0.5% from 250m deep, definitely uneconomical.

    13m @ 0.4% from 108m deep, definitely uneconomical.

    2m @ 1.8% from 171m definitely uneconomical.

    further more the other results to come they have estimated similarly low grades.

    So 3 out of 4 definitely not good enough to mine, further result indicated also not good enough and 1 result which needs alot of help to be included as part of anything.

    You call that economical, I call it delusional, the share price will educate you.


 
watchlist Created with Sketch. Add CBE (ASX) to my watchlist
(20min delay)
Last
5.6¢
Change
0.002(3.70%)
Mkt cap ! $23.93M
Open High Low Value Volume
5.4¢ 5.7¢ 5.4¢ $77.87K 1.398M

Buyers (Bids)

No. Vol. Price($)
5 565000 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 120000 3
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
CBE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.