III icon resources ltd

re: Ann: Icon Comment on Australian Financial... Perhaps Beanz,...

  1. 473 Posts.
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    re: Ann: Icon Comment on Australian Financial... Perhaps Beanz, Thatsgold or Head could help here please.
    (1) 0.14%W03 seems to be a very good grade compared to other mines globally??
    (2) If the numbers are extrapolated out, 57,500tonnes of tungsten trioxide, (beneath and adjacent to the existing open cut mine), multiplied by $US23,300 per tonne = $US1.34billion or do we only take 65%W03 of the $US23,300 per tonne?
    (3) The other thing to consider is that the JORC announcement advised the "drilling confirms continuity of mineralisation which remains open at depth and to the north and along strike to the northwest". "Exploration of the extensive areas of adjacent historic tungsten workings has yet to be undertaken".
    Cheers,
    Stumpy.
 
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