CAY 0.00% 16.5¢ canyon resources limited

Its a little hard to tell from the tables of results how good or...

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    Its a little hard to tell from the tables of results how good or bad this deposit is. Certainly Alumina looks ok at this stage. The Silica as discussed extensively already is a worry, although we don't yet know what the reactive component is a proportion of the total. In the end the economic grade is determined by a combination of extractable alumina and reactive silica. The question is are there contiguous zones with alumina >40% and total silica <12% (assuming reactive Si is 25% of total). If there are, what does it add up in terms of total resource. From memory I think Canyon were targeting 150MT or thereabouts. If the silica is a problem and they only can prove up 75MT is that still worth something ?
 
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