Yeah obviously there will be value added. But it's a pretty low hurdle rate to get 350Mt of Inferred resources. Correct me if I am wrong but the milestone doesn't stipulate confidence interval.
350Mt is basically 350,000,000 /( 1.8SG x 50m average depth) = 388,888m^2 as a surface area. That's only 1km x 400m. Pretty small subset. Which means they can easily reach 5% THM IMO as the highgrade subset should hit this. Now this could easily be a 20 yr LOM if converted to reserves so the rest isn't super important. I think it's a given. Resource size won't be the limiting factor for this project. I don't have an issue with assuming that milestone gets hit.
How to describe value to that depends on considerations for opex etc. which is much much harder to know at this point in time.
Anyway you and smulv have been reasonable in discussing so hopefully these threads can get back on track and some balanced discussion helps holders and non holders alike.
- Forums
- ASX - By Stock
- MRQ
- Ann: Release of Securities from Voluntary Escrow
Ann: Release of Securities from Voluntary Escrow, page-210
-
- There are more pages in this discussion • 66 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRQ (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $9.490M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $5.184K | 1.438M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 13082644 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 18422505 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 13082644 | 0.003 |
40 | 38744482 | 0.002 |
25 | 78037287 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 18422505 | 25 |
0.005 | 18793945 | 17 |
0.006 | 8911250 | 9 |
0.007 | 5484000 | 7 |
0.008 | 5038095 | 5 |
Last trade - 12.31pm 15/08/2024 (20 minute delay) ? |
Featured News
MRQ (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online