I was reading through the annual report and noticed this:
"The Khartoum Tin Project is situated 100 km SW of Cairns.
Best results so far:
* 104m at 0.21% Sn from 12m
* 34m at 0.26% Sn from 99m
Exploration to date suggests a conceptual tonnage potential of 80-120 MT @ 0.2-0.3% Sn."
This gives 160,000 - 360,000 tonnes of tin. Current LME tin price is $26,400 USD. This is a potential in ground value of $4.2 - 9.5 Bn.
Hopefully with some further drilling they should be able to release an initial JORC tin resource. Does anyone know if they are planning drilling at Khartoum anytime soon?
I was reading through the annual report and noticed this:"The...
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