Ok let's look at some facts from drilling to date. Below ALL drill holes reported from Table two in this announcement.
Average depth: 32 m, average interval: 25 m. Average strip ratio = 1.27 best case. Assume AUD $3.50/t free dig clay mining cost (IXR, Aclara studies), mining cost over LOM per tonne ore = $7.95.
Now the interesting part.. average TREO grade = 1455 ppm. For comparison, another well located WA explorer, OD6 has a JORC of only slightly lower at 1308 ppm TREO for 344 Mt. Their market cap is a whopping $5.3m.
At current SMM REO prices, value in ground for the average Stage 1 resource definition drilling is $24.2 AUD/t ore assuming they stop at MREC and get 80% payability on 99.9% benchmark pricing. $16.20 AUD/t ore in margin remaining after mining. And this margin assumes 100% recovery in met.
@2ic interested in your thoughts as well.
- Forums
- ASX - By Stock
- Ann: Jupiter Continues to Deliver with Record NdPr over 5,000 ppm
Ok let's look at some facts from drilling to date. Below ALL...
-
- There are more pages in this discussion • 152 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMS (ASX) to my watchlist
|
|||||
Last
1.9¢ |
Change
-0.002(9.52%) |
Mkt cap ! $43.06M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 1.9¢ | $67.91K | 3.323M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 4656905 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 907348 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 4656905 | 0.019 |
20 | 5129680 | 0.018 |
8 | 4855864 | 0.017 |
4 | 1462500 | 0.016 |
6 | 2742699 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 907348 | 3 |
0.021 | 82110 | 1 |
0.022 | 1089610 | 4 |
0.023 | 1159044 | 6 |
0.024 | 1134677 | 6 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
Featured News
VMS (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online