So I crunched some numbers (crunchy crunchy) of all three assay reports.
We have 14 bore holes reported for Nunasvaara South so far (location of first mine). The DFS used an average mineralization of 24.1% graphite to arrive at an ouput of 19.5 kt/a anode from 100 kt/a ore mined.
The new data shows an average of 27.48 % contained graphite (27.71 weighted by intercept length). This is 14-15% more graphite per ore than previously expected. If we assume that this directly translates to anode output, we would achieve 22.3 kt/a instead of 19.5. Profits should grow by an even larger percentage.
Looking forward to seeing the new JORC data by the ende of the quarter.
So I crunched some numbers (crunchy crunchy) of all three assay...
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