LU7 0.00% 1.3¢ lithium universe limited

Pilbara Activity, page-5

  1. 37,911 Posts.
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    good grade with P (phosphorus) on the high side but just acceptable (generally P is 0.15% max but under 0.20% looks acceptable). however, the deposit is skinny, only 50 metres wide. can't be dug to its ultimate depth since this is too costly. I would guess 50m deep is economic to mine. 400m long x 50m wide x 50m deep x 3SG = 3million tonnes of 60% highish P iron ore. I doubt it will be takeover for this 1 year mine life
 
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