IND 2.63% 18.5¢ industrial minerals ltd

p, I do agree with the oppies $. However, you would never know...

  1. 2,761 Posts.
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    p, I do agree with the oppies $. However, you would never know these they given Minres and GR are on Li race so could be CR for just big pocket.

    I would say too early to say it is economic, you don't know how the grade replicate to the entire peg and you don't know the system yet. Need a lot more drilling to see. Having said that, the location is de-risk a lot of that due to nearby processing plants - plenty of options there so those guys won't miss this one for sure. Look at Bald hill surround deposits worth nothing much until Minres consolidate them for their Bald Hill plant. That is economic of scale.
    Overall, talking conservatively, it would not be a waste if end up a low deposit, say 20mt. That would worth about 500mil at least for DSO, an example of that is CXO - 900mil MC and their resource is ~ 40mt if I am not wrong and that is include their ore pit and processing plant CAPEX. If this one consolidate to say Minres, it would be worth much more due to no CAPEX spend.
 
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