bad news good news, page-19

I've been through the website and reports and cannot balance these figures.

The diagrams show a roughly vertical deposit, and simple trigonometry of the drill results will give you 20-25 metres thickness.

Cobalt and Nickel concentrates run at $21 and $6 per pound respectively. Oxides more like 1.8% CuEq.

Reserve figures are important because they take metallurgical and other problems into account.

350m deep pit = large strip ratio.

Without knowing costs for mining satellite orebodies and current debt, I'm finding it very difficult to value this company.
Just wondered if anyone could help “fill in the gaps”.

H.