Inferred is not a monetary resource until proven to at least...

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Chris2184

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26/09/24

12:20

Post #: 75849333
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Originally posted by sharebroker1: ↑

Exactly it is a JORC Resource, look at the two corresponding tables, to even come up with an inferred Resource takes heaps of data, in MANs case loads of historic drill core analysis and compiling.

Hardly a "guess" as you put it but you know that anyway dont you

Looks like Li Carb prices $12,000 US so yes a drop alright as was last year, so then if 3Mt JORC compliant Resource comes in at say SUS12k per tonne Li Carbonate that equates to a in ground value of around what $US36 Billion, so around $59Billion Australian. Just back of envelope workings here?

Will be interesting to see where this Li Carbonate price goes over the year or two?

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Inferred is not a monetary resource until proven to at least indicated.
Even then only a small portion of that inferred category can be upgraded.

Either you’re too ignorant or you’re intentionally trying to con others.

Tell me, what does MAN do with drill cores?

MAN Price at posting: 3.2¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 1.9¢		Change 0.000(0.00%)		Mkt cap ! $11.91M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.9¢	$32.23K	1.696M

Buyers (Bids)

No.	Vol.	Price($)
1	411600	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	562165	4

View Market Depth

No.	Vol.	Price($)
1	411600	0.019
4	1249000	0.018
4	1520902	0.017
2	101268	0.016
1	33340	0.015

Price($)	Vol.	No.
0.020	562165	4
0.021	826825	4
0.022	1015601	2
0.023	913465	3
0.024	620639	3

Last trade - 15.54pm 17/06/2025 (20 minute delay)

MAN (ASX) Chart

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