I believe there are a host of reasons why something can be non-JORC. Assumptions, not enough drill hole data, uneconomic etc. In regards to the 4.5moz I dont believe its reasonable to believe that it is not enough data. The 'measured' component of the dunite resource was about 60%. What is interesting of the most recent results is that a considerable amount of the results was completely new ground outside of that previously explored by PLA.
Regarding the nickel, I had enquired about that. About 50% of that will be extractable, which corresponds with the assumptions in the palladium equivalent announcement. On the topic of palladium, was up another 6% overnight. Trading at almost $700US/oz above the price of gold. As stated earlier Russia supplies about 50% of the global supply. A new cold war could send the price of palladium sky high. The spread on palladium is huge with tight supply and supply/demand dynamics could face a perfect storm that could send the price parabolic. Massive reduced supply from Russia, increasing demand as automakers replenish stock after chip shortages drained on production and supply over the last 2 yrs.
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Last
1.5¢ |
Change
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Mkt cap ! $10.78M |
Open | High | Low | Value | Volume |
1.6¢ | 1.8¢ | 1.5¢ | $32.94K | 2.004M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 1669540 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.6¢ | 308359 | 2 |
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No. | Vol. | Price($) |
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6 | 1669540 | 0.015 |
3 | 210000 | 0.014 |
2 | 93562 | 0.013 |
5 | 4186063 | 0.012 |
10 | 5458895 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 308359 | 2 |
0.017 | 321097 | 3 |
0.018 | 159230 | 2 |
0.019 | 403219 | 1 |
0.020 | 1318695 | 5 |
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