Share
37,286 Posts.
lightbulb Created with Sketch. 401
clock Created with Sketch.
09/05/17
10:40
Share
Originally posted by Marketscan
↑
Hi Max
Hope you're well..
general answers on your questions.
Q: Is this size resource going to tempt any larger fish that may be interested in CZR ground ?
A: Very much so. if you can get a good consensus by both parties that it's a win/win. company holding the ground may believe it's in shareholders interest to accept an offer made by any interested parties.
Q: What sort of resource size would make this project appealing ?
1) you have resource size ie Billion plus tonnes.
2) plus the quality of the ore ie: Fe 62% plus.
we've seen some mention of Billions plus, by the looks of things it's going to be decent.
As they've only covered a small area thus far.
it' a long term buy. BUT as usual trade wisely.
best wishes.
..
Expand
BTW..
"Summary: Ashburton Magnetite Drilling Update - Additional Information"
I'm sure we'll get an update shortly on the previous announcement (which was retraced, insufficient details).
between 800MM Tonnes ~ 1.5Billion Tonnes.
have a read of below, not so long ago shareholders/Creasy makes killing selling Sirius Resources.
Shareholders give green light to $1.8b Independence Group takeover of Sirius Resources.
link:
http://www.abc.net.au/news/2015-09-...sirius-takeover-by-independence-group/6747934
...