LEG
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9.09% 1.0¢ legend mining limited

Ann: Assay Results from RKDD015 and RKDD018 at Mawson, page-31

  1. phil365
    1,585 Posts.
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    07/07/20
    15:43
    Post #: 45700235
    Economics 101.
    All comes down to: is this economical to mine at price Ni being X for IGO's setup and plans . Footprint is critical
    Nothing wrong with 4.5m intecept, if its 1km long plus and 200m+ in structural depth. - for some small scale miner that would put 2mt ore about 4-5 years of ore on to feed through 450ktpa concentrator.

    IGO is 2mpta they want a sizeable deposit of 15 - 20mt size wise, to last them another 7 - 10 years and secure off take contracts in place.




    Last edited by phil365: 07/07/20
    LEG Price at posting: 14.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch. 2  Great analysis
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