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4.88% 4.3¢ spirit technology solutions ltd

Ann: Quarterly Activities and Cashflow Report, page-2

  1. Discocopper
    313 Posts.
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    29/07/14
    10:50
    Post #: 13729750
    Actually pretty interesting - they have 200,000 tones of waste dump material at 0.6% WO3.  The dollar value of each tonne looks like its over $200, given that WO3 is selling for $36,500 per tonne (see Wolf Minerals presenation at http://wlf.live.irmau.com/IRM/Compa...313/WLFInvestorPresentationProactiveOne2OneUK ) .  Arunta's grade at 0.6% is 5 times that of Hemerdon.   Is it big enough to justify digging up and processing? Don't know.
    ST1 Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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