Australia's largest stock trading and investment forum Australia's #1 stock forum

CNR

Click for more information

0.00%

44.5¢ cannon resources limited

good post , look at other nickel miners there going down miles...

First 6 Last

Share
Profile

Follow
the flow

3,331 Posts.

463

14/01/22

12:10

Post #: 58862343
Share

Originally posted by Goldbug23: ↑

4.6m at 2.3% is economic for sure. At current Ni prices that is $680 worth of Nickel in a tonne of ore and thickness is mineable. It typically costs $200 to $300 per tonne of ore to mine and mill to make Ni con, so higher than 50% profit margin.

The 0.7m wide intercept is too narrow to be economic but its high tenor and probably is on the edge of the channel which may thicken up adjacent to the intercept. Expect them to target this with a wedge hole.

Expand

good post , look at other nickel miners there going down miles to get the nickel , and your right could be within afew 100mm of a main channel , past drilling hit as high as 20.7% prove it is a hot area ,

hold onto your cannon

CNR Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 14 more messages in this thread...

First 6 Last

Add CNR (ASX) to my watchlist

SPONSORED BY