Australia's largest stock trading and investment forum Australia's #1 stock forum

HVY

Click for more information

1.64%

6.2¢ heavy minerals limited

Interesting thoughts, thanks for sharing. Do you have insights...

First 101 Last

Share
Profile

Follow
Woodpekker

474 Posts.

203

06/05/22

21:10

Post #: 61259900
Share

Originally posted by GoldenGeckoSnr: ↑

I'm an expert in the subject matter and work in the sand mining industry.
The problem I'm talking about doesn't start at the plant, it starts in the mine itself. The level of oversize they have reported indicates potential presence of rock probably in the form of calcrete. You gotta remember, an aircore drill does a degree of pulverising so it generally under reports what you'll see in the mine. Garnet is a low value heavy mineral. It won't sustain high mining costs. A trommel also won't handle rock over 300-400mm without being at risk of damage.

Expand

Interesting thoughts, thanks for sharing. Do you have insights about the balline garnet project of rdg and see differences in the oversize? They have mining costs of $39 per ton. How much higher would that be with your potential presence of calcrete?

Last edited by Woodpekker: 06/05/22

HVY Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 90 more messages in this thread...

First 101 Last

Add HVY (ASX) to my watchlist

(20min delay)
Last 6.2¢		Change 0.001(1.64%)		Mkt cap ! $3.904M

Open	High	Low	Value	Volume
6.2¢	6.2¢	6.2¢	$391	6.305K

Buyers (Bids)

No.	Vol.	Price($)
3	54000	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	3217	1

View Market Depth

No.	Vol.	Price($)
3	54000	0.062
1	74567	0.061
1	41973	0.060
1	50000	0.057
1	175000	0.056

Price($)	Vol.	No.
0.068	3217	1
0.080	24000	1
0.089	28477	1
0.100	10273	1
0.105	100000	1

Last trade - 10.04am 03/05/2024 (20 minute delay)

HVY (ASX) Chart