I am a newbie from Los Angeles interested in Cobalt and found Celsius Resources prior to the JORC statement and bought in at a couple hundred thousand shares. I have a general understanding that it's a great value play, but want to understand the numbers more specifically. Reading the latest announcement I've been trying to wrap my head around exactly what the hell this means in terms of ACTUAL COBALT POUNDAGE. How many physical pounds of cobalt are "Indicated and Inferred" between the JORC announcement and Exploration Target Expansion (Items #1 and #2 below)?
- The Exploration Target is additional to the existing JORC compliant Indicated and Inferred Mineral Resource of 112.4 MT grading 0.11% cobalt, 0.41% copper and 0.43% zinc, at a cut-off grade of 0.06% cobalt.
- Data from 52 holes drilled to the west of the existing Mineral Resource has enabled the Company to generatean additional Exploration Target of between 34 and 51 million tonnes, grading approximately 0.08% - 0.18%cobalt, 0.26% - 0.62% copper, and 0.35% - 0.82% zinc.
- How many pounds of cobalt is yielded from 112.4MT Grading at 0.11%?
- How many pounds of cobalt is yielded from 51 million tonnes , grading approximately 0.08% - 0.18%?
I appreciate your help in clarifying this and understand that pounds are not the normal metric used in Australia in analyzing JORC Mineral Resources.
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