Excellent grades, resource is shallow meaning open cut pit and resource is extensive. Yep, 0.5% economic at current copper prices. So this is WAY economic. Remembering that there is currently 0.5 m tons of copper as per the old JORC. So if this is doubled, which is quite possible, that's a resource with a value of something like $8 billion.
Cobalt endowment grows substantially as well by the looks. Average grades in old JORC was 380 ppm so having grades of 775 ppm is excellent. Old JORC was 18,500 tons of contained cobalt so this might be a doubling of that. Cobalt price per ton is currently $55,000 so if we are looking at 40,000 tons that's over $2 billion sitting in the ground if that's the case. No reason not to think that it will double with these grades IMO.
Nice. If ya don't think this is economic you've got rocks in yer head lol !!
- Forums
- ASX - By Stock
- CYM
- Ann: Maroochydore Cu Co Project Initial RC Drilling Results
Ann: Maroochydore Cu Co Project Initial RC Drilling Results, page-7
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CYM (ASX) to my watchlist
|
|||||
Last
3.4¢ |
Change
-0.003(8.11%) |
Mkt cap ! $51.88M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.4¢ | $77.57K | 2.191M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1530693 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 420384 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1530693 | 0.034 |
5 | 2050000 | 0.033 |
2 | 231999 | 0.032 |
2 | 350000 | 0.031 |
6 | 1083332 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 420423 | 7 |
0.036 | 244615 | 2 |
0.037 | 234402 | 2 |
0.040 | 400000 | 1 |
0.041 | 439788 | 2 |
Last trade - 12.19pm 22/07/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |