ESS 0.00% 50.0¢ essential metals limited

Ann: Quarterly Activities Report March 2018, page-17

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  1. 2,764 Posts.
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    Feel free to correct my maths if wrong but:
    494ppm = 494g/t
    Price $110/kg ie $110,000/gram
    One tonne of ore at 494ppm fetches USD54.34 = AUD73.43
    I don't think the grade is an issue and onsite concentration will impove it substantially.
    Size of resource is the question.
    Opportunity to approach yet another "offtake partner", Global Advanced Metals (link) , who says
    "“Greenbushes is central to our Australian tantalum development strategy as we restore WA’s position as a major supply hub in the global tantalum market,” GAM chief executive Andrew O’Donovan said." (link) (link)
 
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