CFR cluff resources pacific nl
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  1. jdvictoria
    3,648 Posts.
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    01/06/09
    09:46
    Post #: 5225949
    Well, surprised no -one picked up the gearing error in the calc! Of course the calc is a bit rubbery but the biggest problem is the Carats/ton - CFR reported 8 cts/100t not per ton.

    It changes the results dramatically, however it is compensated to a degree by the area involved - its probably much, much greater (sq Km, rather then just metres) and the cost to process the ore is probably more like $10/t, npt $50/t.

    GL to punters.

    CFR Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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