PEN 10.0% 11.0¢ peninsula energy limited

grade comparisons

  1. 23 Posts.
    I'm trying to do some DYOR on grade comparisons however there must be a different way companies grade their thickness!

    Black rock (BLR) released a JORC of the following grade:

    Using a cut-off grade of 0.025% U3O8:
    Category Tonnes Grade U3O8(%) Pounds U3O8
    Indicated 17,910,000 0.057 22,567,741
    Inferred 29,898,000 0.057 37,652,173
    Total 47,808,000 0.057 60,219,914

    Or using a 0.075% U3O8 cut-off grade:
    Category Tonnes Grade U3O8(%) Pounds U3O8
    Indicated 4,406,000 0.111 10,781,688
    Inferred 6,387,000 0.121 16,982,818
    Total 10,793,000 0.117 27,764,506

    What is the difference with using a different cut of grade?

    Secondly PEN grade seems to be using a different measurement?

    An Indicated Resource of 4.0Mlbs eU3O8 grading 510ppm
    An Inferred Resource of 11.1Mlbs eU3O8 grading 507ppm

    Is BLR grades superior or inferior to ours? These are the things we need to be talking about! Gus did say after drilling the roll fronts our grade will be higher!


 
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