Rhodium at Depth. That's what we wanted to hear.
Nice little MRE update today to include Rh & Ir across the whole 15klm despite the fact we have not seen any Rh / Ir results reported for ages.
I'm more interested in seeing the Scoping Study and how it relates to the Proposed Mine Study #1 & #2.
Each study area is about 2 klm each, 4 klm combined strike length, so looking at a staged approach initially? If so, it's looking at about 800oz of 5PGE, plus base metals (assuming grade is the same as global, which is probably not the case), to 100m for most of the resource.
Double (almost double) that amount of ounces to 200m, and who knows where it could end up with an UG mine thrown in there too which includes the deep DD hole showing 11.7m @ 3.71 g slash t...I'd say closer to 2Moz...yum.
Costs are unknown though...assume USD1500 before credits? Still beefy margins at $3,804 basket price. Pits are around 7klm apart.
AIMO.
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Rhodium at Depth. That's what we wanted to hear.Nice little MRE...
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