BFE black fire minerals ltd
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re: Ann: Major New Copper- Silver Project - K... why? the...

  1. ddzx
    37,911 Posts.
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    29/07/11
    10:34
    Post #: 8743799
    re: Ann: Major New Copper- Silver Project - K... why?

    the exploration target relatively small, atm

    too small for Vale

    25-35Mt @ 0.8 to 1.2% Cu = 225,000t of recoverable metal or 22kt per year over 10 years

    plus it is not all open cut with underground required

    plus the grade is low for underground

    it starts at surface but heads down to 200m deep

    BFE sure have picked up some uninspiring projects, imo

    BFE Price at posting: 11.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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