re: Ann: Local Community Grants Access to Apu...
iron ore is typically 62% fe so from memory they have 1bt at about 46% average so it's similar to having 740mt at 62% standard grade.
They wanted about 500mt @ 58% at apurimac currently ~270mt
And around 800mt @ ~ 45% at cuzco currently ~ 660mt using cuervos figures.
so each area can produce 20mt for 20 years @ 69% fe
They are not far away in resources if they can get drilling again but will need a big backer soon.
SRK Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
