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36.5¢ nzuri copper limited

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Atlas_J

531 Posts.

146

11/01/18

13:20

Post #: 30225830
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Originally posted by mineralised ↑

There's a company on TSX calls itself the 'worlds biggest cobalt exploration company', $250m market cap. No resource, just sampling, and first and only set of drill results average at 0.9m of mineralised intercepts grading 0.11% cobalt - remember at this market cap they are shooting for the easy wins. Just like Nzuri did for Phase 1 drilling at Kalongwe.

Assuming mining width of 2.5m that puts actual head grade at 0.039%, or about $30 of revenue per tonne. Well just the underground mining costs will exceed that. Further - they don't even mention arsenic grades in assay results.

$250m market cap - i'm not making this up, this is real life.

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NZC Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
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