Most of the open pit will be measured and indicated due to drill density. Inferred is when there is no much drill data so a lot of extrapolation is required.
I would suspect most of this is at depth where drill spacing is nearly always lower until you actually get underground.
The open pit will almost certainly produce more than the reserve in my view, but not a whole lot more (maybe 10-30%).
The underground is likely to be bigger and more extensive by far versus the existing reserve. It might be double ore more for example.
The future is for a very profitable 400-500ktpa underground producing 50-70kozpa at low cost and then satellite ore on top from new discoveries or other open pittable deposits within trucking distance.
- Forums
- ASX - By Stock
- Questions on the report.
Most of the open pit will be measured and indicated due to drill...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
39.3¢ |
Change
-0.023(5.42%) |
Mkt cap ! $2.755B |
Open | High | Low | Value | Volume |
40.5¢ | 41.0¢ | 39.0¢ | $4.491M | 11.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
61 | 1588596 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 1782244 | 47 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
62 | 1824441 | 0.390 |
30 | 1020656 | 0.385 |
38 | 2077461 | 0.380 |
16 | 1865291 | 0.375 |
29 | 888785 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 1579812 | 43 |
0.400 | 2088399 | 30 |
0.405 | 1147487 | 16 |
0.410 | 1251394 | 24 |
0.415 | 300259 | 12 |
Last trade - 12.36pm 25/07/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online