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3.70% 5.6¢ emmerson resources limited

Ann: New high-grade Cobalt, Copper and Gold, page-3

  1. ddzx
    37,911 Posts.
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    10/04/18
    10:44
    Post #: 32341345
    if i am reading the announcement accurately (not sure), it looks like a small deposit. it looks like it is:

    * average 25 metres wide (per Figure 4)

    * 50 metres long & 150 metres deep (per Figure 3)

    * 25m x 50m x 150m x 2.7 density = 500,000 tonnes of ore

    * average (best case) grade maybe 4.0% copper, 0.3% cobalt and say 3.0 g/t gold

    * current in-ground value is AUD$430M

    * at 5% (min) to 10% (max) in-ground value it is worth $22M to $43M
    Last edited by ddzx: 10/04/18
    ERM Price at posting: 8.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 4  Great analysis
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