AGR aguia resources limited

I would like to re state how important the RVD results were...

  1. 227 Posts.
    I would like to re state how important the RVD results were regarding putting the Sergipe Basin on the radar:
    The following grades were confirmed -
    • 25.01% KCI over 16.73m
    • 20.94% KCI over 8.27m
    • 24.84% KCI over 5.08m
    • 36.26% KCI over 1.29m
    • 28.98% KCI over 8.46m
    • 39.65% KCI over 5.47m
    They are still waiting on the grades from the Carnallite where they hit a total of 61m - zones of 4m to 19m. RVD are expecting grades to be 15% plus - therefore if the second drill hole is similar to the first it can be estimated that an initial resource could be 400mt plus at outstanding grades.. RVD's MC could be $200m plus... If AGR release similar results from hole 2 then twin hole 3 next to the Petrobras hole that had 55m of Carnallite - then hole 4 is close to hole 2 - it would be likely that AGR would have a similar resource - based on comparables that would give them a SP of $1.5 - $2. Pls note the grades and zone widths are comparable to Saskatchewan - keeping in mind that RVD and AGR will have an attached premium based on proximity to market. AGR just need to deliver on Hole 2 – should be interesting if it’s anything like the RVD results.. 2 weeks
 
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