LRS 4.00% 26.0¢ latin resources limited

Ann: Trading Halt, page-144

  1. 9,389 Posts.
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    Remains to be seen what strip ratio gets reported in our PEA, but the swarming nature of our pegs (multiple pegs stacked on top of each other), along with the relatively shallow dip on the Colina West pegs, should mean we end up with an 'Ok' ratio.

    Colina original JORC area has much steeper dipping pegs than the West (take a look at a few cross section diagrams).

    GL1 reported 20:1 strip ratio in their PEA (towards the bottom end up strip ratios), while the best strip ratios I've seen are around 4:1.

    One of the broker notes suggests we may be around 12 or 13:1.


 
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