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37,911 Posts.
828
10/04/18
10:44
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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
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