Spot on as they are taking the time to deliver huge cost cutting...

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Bull Whisperer

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14/04/24

22:34

Post #: 73340197
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Originally posted by WhatsTheTip: ↑

Core released a DFS for Grants on 17 April 2019. There was two years of revision before the July 2021 DFS so there was a possibly rushed initial DFS and two years revising it. Would you have suggested 3 years, 4 years, 5 years? How many years between a first DFS and a final DFS is not rushed?

From October 2018 Grants ore body described has remained with a nearly identical JORC size, grade and therefore shape. This was known for the 2019 DFS and it hasn't changed. Core knew what was in the ground at Grants before the first DFS. Core knew what was in the Ground for the 2nd DFS and has continued to find that assessment accurate. I'm not sure where you gained the idea that Core had no idea what was in the ground at Grants but its BS.

The economics for Grants depends heavily on whether the waste ore removal is 30-40% complete, 60% complete or is 80%+ complete. My understanding is that waste ore movement is over 80% complete. The overall average cost for Grants will drop substantially as the remaining cheap ore is mined.

With all due respect, you have completely lost your marbles if you think BP33 as the highest grade, yet to be developed lithium deposit in Australia requires spod prices returning to new ATH's for any chance of it getting mined. I suspect current prices are sufficiently high that it has good commercial figures but even if that is wrong, a 1.5% Grade, DMS capable ore body is going to be commercial at well below US$2,000/t.

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Spot on as they are taking the time to deliver huge cost cutting to re mine open cut and underground and to be very smart on all future decision's well done BOD no mistake's into our bright future it can be managed with smart decision making acheivable.

CXO Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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