Hi Flip, we do already have reserves defined.
Are you saying they haven't been defined with adequate drilling? That ARL has short cut it's ore reserve definition?
I think it's a fair safe bet that you could change the cut off grade used to define this ore reserve (copied below) of 40Mt @ .09 Co / .82 Ni in order to get the tonnage required for the 2.25 Mt throughout considered at scoping level. Changing cut off grade to increase reserevs is a method practiced by our peers I believe. This does not require more drilling.
Do you disagree?
Do you also believe AUZ has a better orebody, despite such low cut off grades being used (.4-.45 Ni eq with the nickel price set 50% higher than the .8% ARL cut off grade) ? I'd be interested in how you prosecute that argument.
AUZ cut off grade would seem to imply it needs a Nickel price 50% higher than ARL, to make mining enough low grade ore viable, to justify its desired throughout
- Forums
- ASX - By Stock
- ARL
- ARL vs AUz vs CLQ
ARL vs AUz vs CLQ, page-135
-
-
- There are more pages in this discussion • 221 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARL (ASX) to my watchlist
(20min delay)
|
|||||
Last
45.0¢ |
Change
-0.020(4.26%) |
Mkt cap ! $89.85M |
Open | High | Low | Value | Volume |
45.0¢ | 45.0¢ | 45.0¢ | $1.8K | 4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3999 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 1182 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3999 | 0.450 |
1 | 1200 | 0.430 |
1 | 7150 | 0.420 |
1 | 10000 | 0.410 |
1 | 12345 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 1182 | 1 |
0.480 | 35000 | 1 |
0.490 | 1150 | 1 |
0.495 | 2000 | 1 |
0.500 | 4400 | 3 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
Featured News
ARL (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online