DRX 5.56% 1.9¢ diatreme resources limited

Hi 3H, many thanks for your time and help,,,Eucla BasinZircon...

  1. 32 Posts.
    Hi 3H,
    many thanks for your time and help,,,
    Eucla Basin
    Zircon 1.8mT x .41 x 833 = 615 mill
    Rutile 1.8mT x .03 x 555 = 30 mill
    Leucoxene 1.8mT x .42 x 422 = 420 mill
    IImentite 1.8mT x .1 x 88 = 16mill

    total = 1.081 Bill

    marketcap from comsec 22mill at 16c therefore approx 137 mill shares on issue,,,

    is there a rule of thumb capex i can use ,?? 50%

    50% x 1 bill = 500 mill / 137 mill shares = $3.65,,,
    what have i got wrong ,capex(?)

    E

 
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