re: Ann: Investor Presentation - Phosphate P...
Hi Raider
If you look at RUM's 253m tonnes the good stuff is mostly towards the NUP boundary, the stuff heading west which atleast half of it is very low grade consisting mostly 10% and lower. Just a quick look at NUP's drilling results is clearly showing mostly higher grades across the bulk of the 29.4 sq km's.
NUP's tonnage will be within 10% + or - depending on our average thickness of mineralisation which ive calculated at 5m for the 29.4 sq km's which is on the low end of my expectations which will deliver 264m tonnes @ 5m. The maiden JORC should be delivering a higher head grade also.
NUP Price at posting:
2.2¢ Sentiment: None Disclosure: Held
