M24
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0.00% 0.9¢ mamba exploration limited

Ann: Drilling and Gravity Survey Underway at Hyden REE Project, page-22

  1. halo_3000
    729 Posts.
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    14/01/23
    16:47
    Post #: 65693443
    Bought into this stock this week, after this announcement caught my eye.

    this REE hit is highly promising.

    To put this in perspective, Lynas average price for rare earths in Q4 2022 was $64/kg

    4.6% grade in 1m interval is equivalent to .046 (%) x 2 (clay density) x 1000 (Tn to kg) =92kg / Tn of ore.

    92kg X $64 = AUD$5,888 / Tn
    gold EQ

    USD$1923 per ounce (32g) / .68 exchange AUD = $2800

    5888/2800 X 32g = 67gpt gold eq. Bonanza grade
    M24 Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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