NWC
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10.5% 1.7¢ new world resources limited

ore = waste* + resourcethereforedilution <> waste / (waste +...

  1. ozbucheron
    1,566 Posts.
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    10/01/24
    17:36
    Post #: 71817747

    ore = waste* + resource

    therefore

    dilution <> waste / (waste + ore)

    dilution % = waste / (waste + resource) x 100%

    geologists find mineralisation and from it define resources

    mining engineers take resources and, somewhat less often, turn them into ore and ore reserves

    the old adage "waste + ore = more ore" is perhaps a mining engineer's joke or the chastisement of a mining engineer by a geologist

    in the case of NWC, ore - some waste = better ore could imply a more selective mining method or more favourable geotechnical conditions amongst other things

    *note that waste is not necessarily of zero grade, it is the stuff below cut-off and may contribute metal to the ore


    Last edited by ozbucheron: 10/01/24
    NWC Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
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