SPD southern palladium limited
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Sorry that's misleading as the Merensky reef head grade would be...

  1. VascoBlack
    1,323 Posts.
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    09/06/22
    16:04
    Post #: 61922731
    Sorry that's misleading as the Merensky reef head grade would be less

    8.38Moz @ the 7.7g/t 3E+Au for UG2
    &
    10.4Moz @ 2.96g/t 3E+Au for Merensky so translates to a head grade of 2.5g/t 3E+Au


    Merensky being wider gets less dilution so at Two rivers resource grade of Merensky is 3.14g/t 3e+Au which drops to a head grade of 2.65g/t 3E+Au

    84% conversion

    Here are the resource figures from the IPO presentation note exploration target taking things upto 53Moz (including very heft geological loss factor)

    So why is this so cheap?



    https://hotcopper.com.au/data/attachments/4417/4417999-d6c06e92be7ee321db042976befa96e5.jpg

    Last edited by VascoBlack: 09/06/22
    SPD Price at posting: 65.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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