Have read the last update a few times now - I made sure I removed my rose coloured glasses first and it is still between hard and impossible to be anything but upbeat for the future IMO!
Next news may be this or next week and looking at the current trading pattern - increasing volume and support - a few more also see this as a strong buy at these levels.
They say, in part, in relation to
"......... the initial JORC compliant resource calculation of the main pit area at Liberdade (it) has now been submitted to independent mining consultants, Coffey
Mining.
Centaurus is currently awaiting their resource
report which is expected within the next two weeks. (From July 2)
The resource will include Hematite Lump material but will predominantly comprise Itabirite, similar to all major mines in the region, of varying grades that upgrades extremely easily to a high grade iron product.
The Beneficiation Testwork was a great success, even with a very unsophisticated set up ("...the pilot plant comprised a simple screen, wash and gravity separation process..." but it still resulted in ore upgrade from ~47% to 61.7% Fe!
No wonder Vale are hovering!!
Gonna be interesting (and positive) trade this week IMO.
Getting in at or close to $4 may not be posible much longer!
Good luck to holders.
Cheers
Cabe
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