delta good analysis... i will use TRY resources brazil iron ore...

delta good analysis... i will use TRY resources brazil iron ore project as an example...

their chairman said he expects to get $75/tonne for their 68% grade ore... they have similar very easy to mine ore body and close transport and they reckon total mining/transport cost to be about $35/tonne... thus prof margin = $40 tonne slightly under your calcs...

if you assume that CUR can only pull 3mt of ore after the beneficiation, then without discounting CF or accounting for capex requirements to build the mine the value could potentially be:

3mt x $40/tonne = $120million

I think there is still a heap of variables we need to know before we can do anything other than guesswork on this, but it does look promising considering there is only 25 million shares around...