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1.1¢ triton minerals ltd

Largest G & V in the world?, page-30

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DaLatta

1,160 Posts.

58

12/08/14

17:44

Post #: 13806820
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Originally posted by splitview ↑

Seriously some 5% grade zones which not long ago was industry standard cut off in a 4.9bt resource area is seen as a massive negative for a 120m MC company with many higher grade zones while gaining vanadium credits?

To my eyes looking through the sections those 5% zones are dwarfed by higher grade zones, TON will have no trouble defining higher grade areas and have enough to mine for a lifetime.

But just for fun lets pretend the whole lot is this pathetic 5%. Nicanda Hill only: 6000m x 1000m x say 350m depth x 2.35 sg = 4.9bt @ 5% grade = 246mt of graphite.

Or lets say we ignore 50% of the overall resource that contains the most 5% grade. Thats still 2.45bt at around 10% = 246mt of graphite.

But really all we're after is a couple 100Mt zones (or 4 x 50mt pits ect) within 4.9bt, averaging say 13% and .025 - .03V to start with, im comfortable that 26mt of graphite or 52 years at 500,000tpa isnt a bad start.

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Splitview, it doesn't quite work like that, you are over simplifying leading to massive exaggeration.

The KNL resource announcement today is case in point. Ref Figure 1 in their notice - the resource drops from 80m tonnes to 10m tonnes when the cut-off is raised from 5% to 9.8%. TON may be similar?

TON Price at posting: 34.0¢ Sentiment: None Disclosure: Not Held
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