RAU 1.79% 55.0¢ resouro strategic metals inc.

The post indicates the mineral is not economic to mine, not...

  1. 2,442 Posts.
    lightbulb Created with Sketch. 416
    The post indicates the mineral is not economic to mine, not there is no industry for it.

    "Grade is king - If you have double the grade and and 50% recoverys its still better than VMM at 70% and 2600ppm."


    This is not true.
    1) You are comparing VMM's simple AMSUL, room temp, 30 mins, 70% recovery to RAU's AMSUL,80c, unknown duration (could be 16 hours?) at 40% recovery. The costs are vastly different and its comparing apples to apple cider vinegar. Sad.
    2) You are comparing VMM's MRE to some arbitrary drill ppm for RAU. You know these miners focus on high grade areas no the average TREO.
    Last edited by mho25: 20/06/24
 
watchlist Created with Sketch. Add RAU (ASX) to my watchlist
(20min delay)
Last
55.0¢
Change
-0.010(1.79%)
Mkt cap ! $17.31M
Open High Low Value Volume
56.0¢ 56.0¢ 55.0¢ $40.84K 73.20K

Buyers (Bids)

No. Vol. Price($)
2 16904 52.5¢
 

Sellers (Offers)

Price($) Vol. No.
57.0¢ 6000 1
View Market Depth
Last trade - 12.53pm 05/07/2024 (20 minute delay) ?
RAU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.