CXO 4.17% 11.5¢ core lithium ltd

Ann: Wide High Grade Spodumene Intersections at Finniss, page-83

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 233 Posts.
    lightbulb Created with Sketch. 172
    Just thought i would do a rough figure on the inferred reasoure size and in ground value.
    Given a base volume on 30m thick 200m deep and 300m in length will equal.

    300 x 200 x 30 = 1,800,000 meters'3

    With the pegmatite comprises of only a few minerals averaging percentage and the spec gravity.

    Feldspar/albite 70% 2.6g'cc
    Spodumene 20% 3.1g'cc
    Quartz 5% 2.7g'cc
    Other 5% --

    Spec gravity x volume = 4,860,000 tons

    Now give the metallurgical test work results to give an idea of value.
    Priced at Spodumene concentrate price of approximately $900

    Bad 80% recovery %5 concentrate.
    Excellent 93% recovery %7 concentrate.
    80% = 777,600 tons of spod =$699,840,000
    93% = 903,960 tons of spod =$813,564,000
    So the difference between good and bad results can be more then $113mill.

    Now looking into the value of lithium carbonate/hydroxide spot price in china to be north of $22,000 could be.
    80%= $1,368,576,000
    93%= $1,590,969,000

    So the question is what price is considered economical? I'm sure when we dig up the "lost china man" it will be worth while to send him home feel free to correct if wrong gltah cheers.
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.