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0.00% 4.7¢ vango mining limited

great new announcement- jorc resource calcs., page-5

  1. Nosy Parker
    1,170 Posts.
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    20/04/11
    21:15
    Post #: 8297649
    SSKim
    yes the 130MT is the Bauxite and with a third of that being allumina after processing. This means a life of 72 years @ 600,000 tonnes PA. However they say they want to ramp up to 1.8MT allumina PA output which means that a mine life of 24 years.

    So as I have mentioned a number of times they dont need more JORC resouce UNLESS they upgrade the plant and/or SELL BAUXITE as well.
    VAN Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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