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11.0% 3.7¢ strike resources limited

re: Ann: Local Community Grants Access to Apu... You are...

  1. K8
    296 Posts.
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    12/09/13
    02:12
    Post #: 12318168
    re: Ann: Local Community Grants Access to Apu...
    You are confusing contained iron in the resource for iron ore. Iron ore has a maximum or 69.9% iron.

    Current resources

    Cuervo
    55.6mt indicated and measured @ 46.7% at Orcopura
    576.4mt inferred at other Cuzco deposits @ 43.4%

    Srk
    269.4mt @ 57.3% at apurimac
    104.4mt @ 32.6% at Cuzco

    Total 1005.8mt @ 46.2% iron or 464.52 mt of contained iron or 673.2mt of concentrate at 69% iron. Assuming 100% recovery and no more ore found.

    Enough for 17 years at 40mt pa.
    SRK Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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