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50.0¢ essential metals limited

"We have the huge advantage of ore to the surface and so very...

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ironman100

214 Posts.

481

27/09/22

14:24

Post #: 63901377
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Originally posted by w27: ↑

I am sure that DSO is a live option. By the time we have a mining lease (say six months) we will have a better idea of how we go forward. Exactly the best way to proceed depends on what offers are on the table. Unless we have a problem with getting the necessary finance, I think that DSO is not an attractive option. On the information available, the return per ton of ore is very much less for DSO than it is for spodumene concentrate. Then we have to consider the value of early return against the value of a dollar in a few years time and the likely price. Hopefully our people will make the right decision. We have the huge advantage of ore to the surface and so very little capital or time requirement to start mining and shipping ore.

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"We have the huge advantage of ore to the surface and so very little capital or time requirement to start mining and shipping ore."

Spot on w27

CXO have only just uncovered first spodumene ore at at Grants on 15 September 2022. All that digging to get to first ore.
Maybe someone can tell me how long this Grants pit has taken to uncover the first ore?

ESS's Ore - just a little closer to the Surface!........ From Surface!

ESS Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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