CST 2.94% 6.6¢ castile resources ltd

Charts and analysis, page-53

  1. 75 Posts.
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    Based on CST last presentation the good copper intercepts are at about 400m and the gold deeper.

    This is very roughly analogous to the Carrapateena deposit (OZL) which lies under 500m of cover.

    It cost $150US million or so for Oz to buy the rights to the deposit from Rudy Gomez and associates. Carrapateena is a large deposit.

    Carrapateena has had a long development time and cost upward of 500 million Aus$ to develop.

    Obviously there are also differences between the size, grade and geology of Carrapateena v Rover. Rover deposit size uncertain presently.

    The most likely outcome if the Rover deposit is large enough is a joint venture or a sale to a large company.

    My opinion only.


 
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