Australia's largest stock trading and investment forum Australia's #1 stock forum

Morning traders March 16, page-225

First 225 Last

Share
Profile

Follow
SelmaBouvier

3,809 Posts.

10

16/03/17

11:48

Post #: 23393982
Share

Originally posted by nihilism ↑

@SelmaBouvier re: KAI vs AVL cobalt grades..

Your response this morning was a touch misleading. KAI had 1 strike of 0.39% average over that width. Their average over their site was much much lower. See below, but most hits were below 0.1%. AVL wasn't great either but kai wasn't that far above them except for 1 exceptional drill.

The major AVL news is predicated on 2 things, firstly the cobalt appears to occur within the thick massive magnitite bands (which are 10-15m thick sections and consistent) and secondly the cobalt occurs in the non-magetic fraction, which means that they can concentrate the cobalt for extraction while producing a Vanadium product anyway.

So by the time time the cobalt comes to being processed it's going to be double the concentration in the ground, if not more (because massive means >50%).

I don't own either company, but I just felt the statement this morning was a touch misleading.

View attachment 507063

Expand

Thanks for clarifying that @nihilism. It's good having a few geo brains here to point us in the right direction.

KAI
2 Upvote

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ZNC

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

The iron ore comeback: Can it last?

ASX Market Open: Aussie stocks to open lower despite positive performances for US bourses | October 1, 2024

This thread is closed.

You may not reply to this discussion at this time.

There are more pages in this discussion • 127 more messages in this thread...

First 225 Last

SPONSORED BY