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13.0¢ akora resources limited

High volume selling is not a good sign, market does not like the...

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salsomsashimi

37 Posts.

2

13/04/21

14:22

Post #: 52431727
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Originally posted by Y93H1979: ↑

Looks like the market is not sure what to make of the news. Some good, some not so good...
The good:
The ore body is thicker than expected (previous estimates were 50-100m thick. 50-150 over 4 km (possibly 7km) suggests this could be a very large ore body.
Relatively coarse crush (no mill required) yields a combined 65% magnetite.

Not so good:
Wet separation (ugh). More details on this process would be nice. Not all wet sep is equal. Are additives required? How much water etc. Since it's such a coarse grind, hopefully a lot of the water can be recycled reducing tailings. If no additives are needed this simplifies tailings handling too. Fully dry mag separation would have been too perfect...

This is still a relatively simple processing route though. Am still very interested in the last holes from the south (outcrop). Due to weathering of the host rock it looks like the magnetite is higher grade (less silica). This is the free digging DSO part of the ore body. A small starter project here (2mtpa) could be very lucrative, so interested to see what the rocks say

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High volume selling is not a good sign, market does not like the news. Let's see if the remaining holes can do any good.

AKO Price at posting: 39.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 13.0¢		Change 0.005(4.00%)		Mkt cap ! $15.66M

Open	High	Low	Value	Volume
13.0¢	13.0¢	13.0¢	$520	4K

Buyers (Bids)

No.	Vol.	Price($)
1	26098	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	59999	1

View Market Depth

No.	Vol.	Price($)
1	26098	0.125
2	43635	0.120
1	70000	0.115
1	100000	0.100
1	100000	0.090

Price($)	Vol.	No.
0.130	59999	1
0.135	40004	1
0.150	99796	4
0.155	36055	1
0.160	63967	1

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