CYM 5.41% 3.5¢ cyprium metals limited

Ann: Maroochydore Cu Co Project Initial RC Drilling Results, page-10

  1. 354 Posts.
    lightbulb Created with Sketch. 97
    Your price for Cobalt is wrong
    Cobalt now US$71,000 /ton = about A$100,000/ton about A$50/ton at 500 PPM
    if 18500 ton = A$1.85 Billion
    If double = A$3.7 Billion.

    CO about A$50/ton at 500 PPM + Cu at 1% grade = $140/ton at Cu price A$14000/ton
    So 1 ton of ore is worth A$190/ton

    First start Niffy. operation will produce excess Acid
    Excess Sulphuric Acid goes to Maroo to leach the oxide. Reduce our cost.
    The Copper liquid to be sent to Niffy for SX-SW. Only 85 KM away.
 
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