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Ann: Semi-Massive Sulphides Reveal High-Grade Potential at Opuwo, page-36

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15/11/17

10:36

Post #: 28803098
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Originally posted by binwood ↑

Nice work, based on your posts I assume you are a trader. You seem to have played it well so far so hats off to you.

For the longer term holders today is another nice piece of the puzzle. Even if not immediately converted to dollars this is hugely important. There are two things that make a lot of African deposits, scale and cheap operating costs. We can more than likely say tick and tick. Throw in that mix the fact our grade isn't bad and we have a good jurisdiction in terms of Africa and we start to paint a solid story.

The best thing about this news is it tells us grade improves with depth. i.e increase costs of mining deeper will be offset by increasing output via higher grade. This loops back to scale. Opuwo is going to have a monster LOM, or the capacity for big production - i.e good NPV calcs.

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Both Trader and Long Termer via SMSF.

Play what I see. One hole bait was not taken seriously by the market.

Now I can think clearer without a position, will draw up the same entry lines and wait.

CLA Price at posting: 8.9¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $24.27M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$15.56K	1.546M

Buyers (Bids)

No.	Vol.	Price($)
31	20405955	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	7034734	7

View Market Depth

No.	Vol.	Price($)
31	20405955	0.010
12	3462067	0.009
6	1282574	0.008
2	195000	0.007
1	200000	0.006

Price($)	Vol.	No.
0.011	7034734	7
0.012	4717220	10
0.013	2180000	4
0.014	1700000	3
0.015	2210658	5

Last trade - 16.10pm 21/05/2024 (20 minute delay)


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