No mate you got it wrong UG2 is 71cm and it grades 7.7 g/t Merensky at 1.9m up to 5m thick is grading 2.96g/t
African Rainbow is spitting out US$100M pa post tax at Modikwa from 41% of ~220koz pa and
Anything above 1.8g/t 3PGE+Au and > 1m thickness is considered economically mineable in the BV.
If less than 1m which SPDs UG2 is then accumulation value should not be be less than 180 cm x g/t. SPDs UG2 is 71cm x 7.7g/t = 547cmxg/t so is 3 times standard ecoonmic cut-off
African Rainbows Two Rivers and Modikwa Mines S & N of SPD project are spitting out ~ USD100M on attributable production of ~ 90,000-100,000 oz 3PGE+Au
UG 2 gives some chrome credits and Merensky gives some Cu. Both give other minor credits osmium, Iridium, ruthenium
SPD Price at posting:
72.0¢ Sentiment: Buy Disclosure: Not Held
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