SRI 0.00% 1.5¢ sipa resources limited

reports zinc assays , page-6

  1. 202 Posts.
    Read the link (you may have to "agree" first then re-hit the following link for it to open)
    Panorama Exploration Project

    This explains the deal between CBH Resources Limited and SIPA. My understanding is that SIPA will get 40% of any profit

    For Kangaroo caves; Not Sulphur Springs where SRI get $2 a tonne *unprocessed ore* capped at $3.7 million. The only buyers for this ore will or is likely to be CBH's refinery

    Transport costs in area are the killer so ore needs to be refined to "value add" before transport

    This to me looks like a healthy bread winner for SRI but smelter is around two years away (CBH has borrowed millions from Japanese to build "refinery")
 
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