YES MATEconquest miningdo you researchEllendale 17 diamond pipe...

  1. 520 Posts.
    YES MATE

    conquest mining

    do you research

    Ellendale 17 diamond pipe is a proven diamondiferous pipe

    It contains 40mt of material - bigger then both of KIM's pipes - and is 20kms away

    CQT have currently completed the bulk sampling and are now awaiting results from the lab to assign a head grade.

    KIM av head grade is 6 carats per hunderd tonnes

    CQT aim to achieve a higher grade of 8 - 11 c ph/t

    A 8 c pht discovery = 3.2m carats at av price of $250 each thats an $800m discovery insitu

    A 10% valuation puts the stock at $80m market cap - its now $15m

    so theres your 5 bagger
 
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