RNU 0.00% 10.0¢ renascor resources limited

Understanding Graphite

  1. 364 Posts.
    lightbulb Created with Sketch. 45
    Hi All, I invested in RNU based on its (seemingly) potential for an offtake agreement. So essentially, I am speculating with RNU.

    However, I was going over one of the presentations and felt like I needed to understand a few simple concepts to understand the true potential of RNU, so please be patient with me.

    When the company claims:

    "Mineral Resource: 80.6 Mt at 7.9% TGC for 6.4 Mt of contained graphite
    Ore Reserve: 45.2 Mt at 7.9% TGC for 3.6 Mt of contained graphite"

    Does this mean it only has 10 Mt of graphite? (6.4+3.6)
    What is the 7.9% of total Mt it state mean?

    I have some followup questions but would hope someone can explain this to me. I want to understand true profits RNU can look forward to based on reserves it has.

    Thanks in advance.
 
watchlist Created with Sketch. Add RNU (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
0.000(0.00%)
Mkt cap ! $254.1M
Open High Low Value Volume
10.0¢ 10.5¢ 10.0¢ $222.1K 2.183M

Buyers (Bids)

No. Vol. Price($)
32 1709325 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 2222219 24
View Market Depth
Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
10.0¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
10.3¢ 10.5¢ 10.0¢ 2251879
Last updated 15.59pm 26/04/2024 ?
RNU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.