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9.09%

1.0¢ celsius resources limited.

Ann: Celsius Strengthens Executive Management Team, page-55

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HAC30

5,633 Posts.

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16/06/18

15:00

Post #: 33756640
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Originally posted by Abos ↑

For the record I think share holders in this company need to very weary of the resource that has been produced and the likelihood that any of it will convert into reserves.

To quote the resource report "The Inferred Mineral Resource extends 600 m down dip from deepest drillhole intersections....." 600m from the nearest drill hole??? this is stretching the credibility of all involved when the indicated resource states good continuity over only 250m.

While the resource is majority sulphide and there is some copper and zinc, there are much easier orebodies in the world to mine e.g. laterites that are near surface and horizontal, so the idea of mining a narrow, sloping horizon 400 - 1000m below surface seems .... lets call it, a long way off into the future.

As I commented earlier, $360k pa for the MD of an exploration company is a bit rich for me - at least get into production before you vote yes to that resolution at the AGM.

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Just please don't rain on our parade again as you did with your amazing accurate 7.5mt JORC estimate...

https://hotcopper.com.au/posts/32024836/single

BB really does have a lot of detractors.

CLA Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $26.70M

Open	High	Low	Value	Volume
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Buyers (Bids)

No.	Vol.	Price($)
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Sellers (Offers)

Price($)	Vol.	No.
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No.	Vol.	Price($)
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19	12080589	0.009
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Price($)	Vol.	No.
0.011	1464678	6
0.012	10620673	11
0.013	6071500	5
0.014	700000	2
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