Not a shareholder here but having a look. Can someone tell me...

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02/12/22

11:11

Post #: 65115516
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Originally posted by jtownmadness: ↑

Ore reserves: (approximate per most recent data I could find)
RNU: 2020 report is 51.5mt of ore at 7.4% giving 3.8mt of graphite

TON: Ancuabe is sitting on 25mt at 6.2% TGC giving 1.5mt graphite.

SYR: >100mt @ 16% for 17mt contained graphite

Mineral resource estimates:
RNU: Measured, indicated and inferred : 93mt @ 7.3% giving 6.9mt graphite

TON: Inferred and indicated: 46mt @ 6.6% giving 3mt graphite

SYR: >1.3bt @ 10% giving >140mt graphite

Now, if we were to get Nicanda Hill back....

Mineral resource estimate for NH:1.4bt at 11% giving 158mt graphite!!!!!!!So you can clearly see that Ancuabe is half that of RNU's Siviour and SYR just takes the cake completely.

HOWEVER

The value add/lost of NH is also very apparent! I struggle to understand how we lost it in the first place but given it's potential I fear we'll lose it to a much bigger fish... likely Chinese.

Let's hope this recent visit gets NH back on the table for us like someone suggested above.

On another note, interesting to see Yulong now want to fire this thing up completely and skip the CCP (that's my understanding). Chart looking like we're moving towards the otherside of the bottom of the cup so to speak too - perhaps good times ahead seeing graphite is now getting a lot of attention!

Please correct if wrong at all. Cheers, Jtown

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Not a shareholder here but having a look. Can someone tell me did Nicanda Hill get taken as part of the change in mining legislation in circa 2017? Is there arbitration of some sort going on? I remember it being a giant deposit.

TON Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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