CFR 0.00% 0.6¢ cluff resources pacific nl

the acreage potential, page-4

  1. 117 Posts.
    Details of the four Mining Lease applications are listed below:
    Mining Lease
    Application No.
    Taluk (Village) Minerals Area
    AML/519/2005 Chitradura Iron Ore and
    Manganese
    600 acres
    AML/503/2005 Holalkere Iron Ore and
    Manganese
    600 acres
    AML/578/2005 Hosadurga Iron Ore and
    manganese
    1,000 acres
    AML/518/2005 Chitradurga Iron Ore and
    Manganese
    300 acres

    The area of the leases being applied for totals 2500 acres as per the MOU announcement on the 8th May. (copied above)

    Now, as per google: 1 square kilometer = 247.105381 acres and that means that 2500 acres is 10.12 sq kilometers.

    So if we take Sparkler's top 3 estimates, they total 14,407 acres for 1.276billT or 88,568 Tonnes per acre. Now multiply that by Cluff's 2500 acres, and we get 221,220,143 tonnes.

    All speculation and DYOR but you can't fault Sparkler's maths.
 
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