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Day Trading June 16 - Morning, page-68

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forrestfield

12,115 Posts.

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16/06/16

10:37

Post #: 18044609
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Originally posted by nihilism ↑

6million wouldn't be a stretch based on the multiple intervals of 0.3% CO at around 10m lengths. Adding in the Cu and Au credits you get essentially 10m lengths of 2-2.4% CuEq.

In project terms, that isn't great but it's pretty good, granted you need to find enough of the stuff to make the scale work.

Processing will cost slightly more than average but the depths look open cut mineable and will incur minimal dilution so should be a pretty average opex.

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CZN - thanks for analysing @nihilism always appreciate your input.

Cobalt grades do look better than most and as we all know or we should know none of these small caps will come good longer term... So all is just the trend and flavour of the month... and cobalt is pretty hot right now IMO...

Cheers
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