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90.5¢ hot chili limited

That makes it clear, thank you!

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KingBubbles

81 Posts.

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08/12/22

22:25

Post #: 65230091
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Originally posted by Stevo1234: ↑

Which part are you not sure about?
The +0.21% and +0.30% are cutoff grades for the resource, so any block model blocks that are below that cut-off grade are not counted in the total resource. This is to roughly account for the metal that will end up in the waste dump because it's too low grade.
The CuEq or Copper Equivalent is a tidier way of reporting the value of the copper plus the gold and the other valuable metals that exist in each block. There'll be a formula somewhere that explains how it's calculated.
The cutoff grades are different for open put and underground because the economics of the two mining techniques are different. Open pit is cheaper, so you can afford to mine lower grade material and still make it economic. Underground is slightly higher. That doesn't mean that all of that ore is economic to mine - that'll come later with the Reserves, not the Resources.

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That makes it clear, thank you!

HCH Price at posting: 94.0¢ Sentiment: Buy Disclosure: Held
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Last 90.5¢		Change 0.005(0.56%)		Mkt cap ! $136.9M

Open	High	Low	Value	Volume
91.0¢	91.0¢	90.0¢	$109.7K	121.1K

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No.	Vol.	Price($)
1	12000	90.5¢

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Price($)	Vol.	No.
91.0¢	5211	4

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No.	Vol.	Price($)
1	12000	0.905
12	50942	0.900
1	10055	0.895
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3	10000	0.880

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0.920	5000	1
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0.930	9216	1
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