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36.5¢ nzuri copper limited

Ann: SX-EW Scoping study & further Metallurgical testwork Awarded, page-62

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africadale

1,122 Posts.

116

22/01/18

08:39

Post #: 30455149
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Originally posted by africadale ↑

Well known and popular MD of ASX listed cobalt stock tweeted that if their resource was 0.15% Cobalt it would equate to 1.7% Copper equivalent at current price of Cobalt at $80,000/t.

Yes Cobalt up and out into +$80,000/t!

Anyway, here is the NZC resource expressed as equivalent Copper. Of course NZC already has an awesome Copper resource in the same open pit as the Cobalt. Both metals provided below.

Mixed domain
11.17 mt @ 2.7% Cu
11.17 mt @ 0.27% Co (3.06% Cu eq)

Cobalt domain (not included in PFS)
1.24 mt @ 1.6% Cu
2.29 mt @ 0.57% Co (6.5% Cu eq ))

Total resource:
25.87 mt @ 2.61% Cu eq
for
675 kt Cu eq

Nothing on the ASX is in the same league.

Expand

Late night calculation error above. Probably should have focussed on these rough calcs and not watch the superbrat kyrios at the same time with fat fingers on the phone calculator.

Anyway.

Copper equivalent resource is actually:
25.87 mt @ 3.2% Cu eq.

For 827 kt Cu eq.

Gives IGV value of $5.5 USD Billion at $3/pound Cu.

NZC Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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